DoorDash stock pops after revenue beat, rosy guidance
Publishing timestamp: 2023-02-16 19:23:10
Summary
DoorDash reported better-than-expected sales for fourth quarter and gave upbeat guidance for current period. The company also authorized a buyback of up to $750 million of its shares. The wider-than-expected loss for fourth quarter was attributed to charges related to its acquisition of Finnish food delivery company Wolt, and stock-based compensation expenses related to layoffs last November. DoorDash's President and COO Christopher Payne will retire from the company and be succeeded by DoorDash CFO Prabir Adarkar.
Sentiment: POSITIVE
Tickers: DASH,
Keywords: business news, technology, internet, breaking news: technology, doordash inc,
Source: https://www.cnbc.com/2023/02/16/doordash-stock-pops-after-revenue-beats-rosy-guidance.html