DoorDash Stock Is Delivering Gains To Investors After Hours: What's Driving The Action?

DoorDash Inc DASH shares are trading higher in Wednesday's after-hours session after the company reported mixed second-quarter financial results.

• Q2 Revenue: $2.13 billion beat estimates of $2.05 billion
• Q2 EPS: loss of 44 cents missed estimates for a loss of 42 cents

Revenue was up 33% year-over-year, total orders increased 25% year-over-year to 532 million, and marketplace GOV jumped 26% year-over-year to $16.5 billion.

"The path ahead appears much longer and more full of opportunity than the one we've been on so far ... Our expectations of ourselves are high. We will do our best to exceed them," said Tony Xu, co-founder and CEO of DoorDash. 

Guidance: DoorDash said it expects third-quarter marketplace GOV to be between $15.8 billion and $16.2 billion. Full-year marketplace GOV is expected to be in the range of $64.2 billion to $65.2 billion.

The company expects third-quarter adjusted EBITDA to be in the range of $220 million to $270 million. Full-year adjusted EBITDA is expected to be between $750 million and $1.05 billion.

See Also: Shopify Stock Is Sliding On Q2 Results: What's Going On?

DASH Price Action: DoorDash shares were up 4.06% after hours at $89.47 at the time of publication, according to Benzinga Pro.

Photo: GoToVan from Flickr.