02-05-2024 00:32 via rocketnews.com

DoorDash’s outlook is sinking its stock. But one analyst says it typically forecasts conservatively.

Food-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter loss amid signs of a slight slowdown in growth for its large U.S. restaurant business, and it offered a second-quarter forecast for a key demand metric that was just shy of estimates.
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[mwai_chat context=”Let’s have a discussion about this article:nnFood-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter l
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