$Doordash(DASH.US) -2% post-mkt after reporting 2Q results ahead of ests, and posting stronger than exp 3Q guidance. 2Q earnings were light vs consensus. Stock weak after the print because of higher costs and expenses associated with more orders. I believe stock will recover given strength in orders, revs, and EBITDA.
2Q actual:- Marketplace GOV $33.1B +36% Y/Y vs $32.9B est- Revs 4.45B vs 4.34B est- Orders 970m vs 967.4M est- Adj Gross margin 54.2% vs 51,8% est- Adj EBiTDA $914M vs $843.4M est- Adj EPS $.46 vs $.48 est- Free cash flow $742M vs $840M est3Q guidance:- Marketplace GOV $33.0-$34.0B vs $33.5B est - Adj EBITDA $950M-$1,100M vs $982.2MConf call 430 pm ETThe copyright of this article belongs to the original author/organization.
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