A food delivery giant came under pressure after it missed quarterly profit estimates and warned investments in new technologies could squeeze profits, while better-than-expected results helped send shares of a cloud-based security company higher.
DASH stock dips as earnings fall short of expectations, despite stronger margins and Q3 revenue growth of 27%.
Major U.S. equities indexes slid Thursday afternoon, led by tech stocks after a flurry of earnings reports and as worries about an AI bubble resurfaced. The Dow, S&P 500, and Nasdaq all lost ground.
DoorDash (DASH) shares tumbled Thursday after the food delivery firm missed profit estimates and gave a weak outlook.
Doordash's stock plummeted as investors shunned the company's plans to spend "several hundred million dollars" on new products and technology. CEO Tony Xu defended the company's spending decisions on an earnings call Wednesday and said Doordash is running the business as it always has.
Wedbush analysts on Thursday reduced their target price on DoorDash Inc (NYSE:DASH) to $260 per share from $280, while reiterating their ‘Neutral' rating, after the food delivery platform's third quarter 2025 earnings missed expectations. The company generated earnings for the period of $0.55 per share, falling short of the Wall Street consensus forecast of $0.69.
Stock futures are ticking higher after markets rose Wednesday, signaling some renewed momentum in the AI trade; Tesla shareholders are watching today's vote on CEO Elon Musk's pay package; airline stocks are slipping on the government's plans to reduce air traffic amid staffing issue related to the shutdown; Snap shares are jumping after it reported strong quarterly results and announced a deal with AI chatbot Perplexity; DoorDash is down after it delivered worse-than-expected earnings and a downbeat outlook.
DoorDash plans to invest “several hundred million dollars more” in its platform and initiatives in 2026 than it did in 2025, the company said in a Wednesday (Nov. 5) earnings release.
DoorDash, Inc. ( DASH ) Q3 2025 Earnings Call November 5, 2025 5:00 PM EST Company Participants Weston Twigg - Vice President of Finance & Investor Relations Tony Xu - Co-Founder, CEO & Chair Ravi Inukonda - Chief Financial Officer Conference Call Participants Deepak Mathivanan - Cantor Fitzgerald & Co., Research Division Shweta Khajuria - Wolfe Research, LLC Ross Sandler - Barclays Bank PLC, Research Division Josh Beck - Raymond James & Associates, Inc., Research Division Jason Helfstein - Oppenheimer & Co. Inc., Research Division Michael Morton - MoffettNathanson LLC Andrew Boone - Citizens JMP Securities, LLC, Research Division Nikhil Devnani - Sanford C. Bernstein & Co., LLC.
DoorDash, Inc. (DASH) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.38 per share a year ago.
DoorDash (NASDAQ: DASH) beat revenue expectations on Wednesday after the close, posting $3.45B in third-quarter sales and delivering strong operational momentum.
Shares of DoorDash Inc. tumbled in extended trading Wednesday after the delivery platform said it plans to increase investments in its business next year and that its recent acquisition of Deliveroo would contribute less to profits in 2026 than once anticipated.