5 Stocks Making Big Moves on Earnings Reports

4. DoorDash, Inc. (NYSE:DASH)

Number of Hedge Fund Holders: 45

Shares of DoorDash, Inc. (NYSE:DASH) climbed more than 17 percent in the pre-market trading session on Wednesday, 10 November 2021. The surge follows the company’s third-quarter results and announcement to acquire food delivery platform Wolt in a deal valued at $8.1 billion.

DoorDash, Inc. (NYSE:DASH) reported a loss of 30 cents per share for the quarter, wider than the consensus estimate for a loss of 26 cents per share. On the bright side, revenue of $1.3 billion exceeded analysts’ average estimate of $1.18 billion. In comparison, the company had reported a loss of 96 cents per share on revenue of $879 million in the third quarter of 2020.

If we look at the important growth indicators, total orders in the quarter climbed 47 percent on a year-over-year basis to 347 million. Moreover, the gross order volume (GOV) jumped 44 percent to $10.4 billion. Looking forward, DoorDash, Inc. (NYSE:DASH) expects its  GOV in the range of $10.3 billion to $10.7 billion for the fourth quarter.