DoorDash spikes over 9% as Q1 revenue tops expectations; boosts FY outlook

DoorDash spikes over 9% as Q1 revenue tops expectations; boosts FY outlook

DoorDash (DASH) posted a first-quarter earnings report on Thursday that largely surpassed Wall Street’s expectations, with the company demonstrating that the boost it got from COVID-19 demand has staying power beyond the pandemic.

The company reported revenue that skyrocketed 198 percent compared to a year-ago, to $1.08 billion, and total orders soaring 219 percent year-over-year, to $329 million. The results sent its stock on a tear after hours, which was up over 10%.

Here’s what the San…


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