Investors sent DoorDash stock soaring on Friday after the company reported stronger-than-expected earnings in Q1 and raised its guidance for full-year 2021.
DoorDash reported a 198% increase in Q1 revenue compared to Q1 2020, and a 219% increase in orders, although it still posted a negative 34-cent EPS.
Have companies seen the best of the best when it comes to earnings potential? Andrew Cox breaks it down on this episode of Great Quarter, Guys.
An improving economy and a $170 million investment in Bitcoin drove payment provider Square’s revenue up 266% and profits up 79%.
Wayfair said its active customer base grew 57.1% in the past year, and those customers are ordering more items, leading to a nearly 50% increase in Q1 revenue.
In 2017, Lyft launched its Level 5 division, which would focus on developing an autonomous vehicle. Last month, the company pivoted away from that, selling the division, although it still harbors visions of Lyft riders in autonomous vehicles.
Lyft reported a narrower loss in its Q1 earnings as riders began returning to the platform.
In what is expected to be its final earnings report as a stand-alone company, Grubhub reported 52% growth in revenue, but said restaurant fee caps hurt its bottom line, resulting in a quarterly loss.
Shopify reported Q1 2021 earnings that nearly equaled Q4 2020 and accelerated 110% over Q1 2019, but it also said that the growth rate should slow throughout the remainder of the year.
Fewer brokers and more engineers make operating costs less flexible, and we question the “take market share” mantra.
While transportation industry participants have an abundance of questions loaded for management teams this earnings season, answers on the future will be tough to provide.
Echo protected its margins and issued positive guidance for Q1 and 2020.
WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.
CEO Gantt lowered capex guidance by $10 million to $480 million, likely reflecting top line headwinds, but we’re waiting to hear updated revenue guidance in the conference call.
