BUZZ-DoorDash climbs after forecasting Q2 order value above estimates

DoorDash

DoorDash

DASH

0.00

May 7 (Reuters) -

** Shares of DoorDash DASH.O rises 10% at $184.76

** The food delivery platform forecasts Q2 marketplace gross order value (GOV) above estimates, citing resilient delivery demand

** Sees Q2 marketplace GOV of $32.4 billion-$33.4 billion, vs estimates of $31.8 billion, as it expands in grocery, retail and international markets

** "Demand continues to be quite strong... Q2 is off to a good start, (we) feel good about the demand patterns that we're seeing on the business," - CFO Ravi Inukonda

** DASH also posts adjusted EPS of 42 cents; above analyst estimate of 36 cents - LSEG data

** As of last close, DASH stock down 25.8% YTD


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