DoorDash Inc DASH shares are trading higher by 2.89% to $64.00 Tuesday morning. The stock is trading higher in sympathy with Uber Technologies Inc, which reported strong first-quarter results.
What Happened With Uber?
Uber Technologies reported quarterly losses of 8 cents per share which beat the analyst consensus estimate of a loss of 9 cents.
The company also reported quarterly sales of $8.82 billion which beat the analyst consensus estimate of $8.72 billion by 1.2%. This sales figure is a 28.7% increase over sales of $6.85 billion in the same period last year.
"We significantly accelerated Q1 trip growth to 24% from 19% last quarter, with Mobility trip growth of 32%, as a result of improved earner and consumer engagement," said Dara Khosrowshahi, CEO...Read More
See Also: Alibaba Likely To Struggle With Cloud Growth, Analysts Say
According to data from Benzinga Pro, DASH has a 52-week high of $87.00 and a 52-week low of $41.36.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
