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DoorDash Inc increased 4.1% to $65.40 after the online delivery platform lifted its annual outlook and the company said demand for its services remained strong. 

Revenue in the first quarter increased 40% to $2.04 billion from $1.45 billion and net loss shrank to $161 million from $167 million and diluted loss per share declined to 41 cents from 48 cents a year ago. 

Total orders increased 27% from a year ago to 512 million and Marketplace gross order volume increased 29% to $15.9 billion.

The delivery service provider forecasted second quarter marketplace gross order volume to be between $15.9 billion and $16.2 billion for the full-year 2023 between $63.0 billion and $64.5 billion.  


05 May, 2023

     

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