DoorDash, Inc. (NYSE: DASH) released its FY22 Q1 earnings results on Thursday after the market closed. After the trading hours, the stock jumped to $80.00 with a gain of 9.36% at the time of writing due to the earnings report. The SEC filing reported a revenue increase for this quarter that ended in March compared to the first quarter of 2021. It shows strong growth even after the pandemic is almost over.
Reported vs. Expected
EPS: a loss of 0.48 vs a loss of $0.38 per share expected
Revenue: $1.456 billion vs $1.37 billion expected
DoorDash’s most recent earnings report was on February 16th, 2022. The reported $0.45 earnings per share (EPS) for the quarter fell $0.17 short of the consensus estimate of $0.28. The company’s revenue for the quarter was $1.30 billion, compared to analysts’ expectations of $1.28 billion. Its revenue for the quarter increased 34.0% over the same period last year. Over the last year, DoorDash has generated $1.39 earnings per share ($1.39 diluted earnings per share).
DoorDash’s earnings are expected to rise from $1.21 to $0.45 per share in the coming year.
DoorDash, Inc. is a company that delivers restaurant food. The company creates technology that connects customers with merchants via an on-demand food delivery app. DoorDash, Inc. is headquartered in San Francisco, California.