DoorDash Inc (NYSE:DASH) shares are trading higher by 2.89% to $64.00 Tuesday morning. The stock is trading higher in sympathy with Uber Technologies Inc, which reported strong first-quarter results.
What Happened With Uber?
Uber Technologies reported quarterly losses of 8 cents per share which beat the analyst consensus estimate of a loss of 9 cents.
The company also reported quarterly sales of $8.82 billion which beat the analyst consensus estimate of $8.72 billion by 1.2%. This sales figure is a 28.7% increase over sales of $6.85 billion in the same period last year.
“We significantly accelerated Q1 trip growth to 24% from 19% last quarter, with Mobility trip growth of 32%, as a result of improved earner and consumer engagement,” said Dara Khosrowshahi, CEO…Read More
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According to data from Benzinga Pro, DASH has a 52-week high of $87.00 and a 52-week low of $41.36.
