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Why DoorDash Stock Flopped on Friday

TheMotleyFool

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DoorDash (NYSE: DASH) wasn't quite delivering for its shareholders at the end of the week. Following the release of its latest quarterly results after the market closed Thursday, its stock took a nearly 2% hit on Friday.

For the first quarter, the food delivery company earned just under $1.46 billion in revenue. That was 35% higher on a year-over-year basis, and topped the $1.37 billion average analyst estimate. Meanwhile, gross order volume rose by 25% to hit $12.4 billion. The company also said that it broke its record for new customer additions in the quarter.

Image source: Getty Images.

Source Fool.com

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