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Doordash stock tanks 20% as company misses earnings, says it expects further spending
CNBC· 2025-11-06 05:41
A DoorDash bag on a bicycle in New York, US, on Tuesday, May 6, 2025.DoorDash reported third-quarter earnings that missed analyst expectations and said it expects to spend "several hundred million dollars" on new initiatives and development in 2026.The stock plummeted 20% following the report.Here's how the company did compared to LSEG estimates:Earnings: 55 cents per share vs 69 cents per share expectedRevenue: $3.45 billion vs $3.36 billion expected."We wish there was a way to grow a baby into an adult wi ...