DoorDash rises after earnings beat

DoorDash rose in after-hours trading after it reported earnings results that beat Wall Street expectations.

The food delivery giant reported diluted earnings per share of $0.65, more than the $0.44 earnings per share analysts polled by FactSet were expecting, marking its fourth consecutive profitable quarter.

DoorDash also reported $3.2 billion in sales, higher than the $3.1 billion analysts were penciling in. Customers spent a total of $24.2 billion on the platform, less than the $23.6 billion analysts expected.

Shares were up 3.8% in recent after-hours trading.

The company, which grew in popularity during the COVID-19 pandemic and has held on to that momentum, is up nearly 50% since the start of the year.

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