DoorDash projects quarterly core profit below estimates on higher costs
Yahoo Finance -

DoorDash projected second-quarter core profit below expectations on Wednesday despite beating first-quarter revenue estimates, indicating that higher costs were offseting some of its gains from rising groceries and food orders. "When I look at the business from Q4 to Q1, costs did go up," said CFO Ravi Inukonda in an interview with Reuters, adding that the company passed on some fees to consumers. DoorDash expects adjusted earnings before tax, interest, depreciation, and amortization between...

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