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DoorDash (DASH) Stock Trades Down, Here Is Why

What Happened? Shares of on-demand food delivery service DoorDash (NYSE:DASH) fell 15.5% in the morning session after the company reported third-quarter results that missed profit expectations and provided a weaker-than-expected forecast for the upcoming quarter, raising concerns about future profitability. While the food delivery service's revenue of 3.45billionforthethirdquartersurpassedanalystestimates,itsGAAPearningspershareof3.45 billion for the third quarter surpassed analyst estimates, its GAAP earnings per share of 0.55 fell short of the consensus forecast of $0.68. More im ...