Doordash Inc (DASH)

DoorDash (DASH) stock tumbled by 8.13% due to a significant earnings miss for Q4, despite surpassing revenue expectations. Here are the key details:

• Key Financial Metrics: While DoorDash experienced a 23% increase in orders and a 22% growth in order size, its quarterly loss more than twice the expected amount. The food delivery company was supposed to lose only $0.16 per share in Q4 on sales of $2.24 billion, according to a consensus of analysts who follow the stock. DoorDash managed to report better-than-expected sales of $2.3 billion. However, the company's quarterly loss was -$0.39 per share.
• Financial Performance and Guidance: Despite improvements in gross profit margin and net profit margin, DoorDash continues to operate at a loss. Guidance for Q1 2024 suggests a sequential decline in adjusted EBITDA, indicating potential challenges in profitability despite anticipated sales growth. Investors are disappointed by this outlook following the Q4 earnings miss.

Doordash Inc Stock (DASH) dropped by 5.91% from $80.10 to $75.37 in the trading on Friday October 13, 2023. The reason why DASH stock down today is due to the insider selling. CEO and 10% Owner Tony Xu sold 132,300 shares of DASH after the insider had sold a total of 1,190,700 shares and purchased none this year. This is the headwind causing DASH stock down today.