Shares of DoorDash jumped as a lot as 8% in prolonged buying and selling Thursday after the meals supply firm reported better-than-expected gross sales for the fourth quarter and gave upbeat steerage for the present interval.

Here is how the corporate did:

• Loss per share: $1.65 per share vs. 68 cents, as anticipated by analysts, in keeping with Refinitiv
• Income: $1.82 billion vs. $1.77 billion, as anticipated by analysts, in keeping with Refinitiv

DoorDash mentioned the full variety of orders it delivered within the fourth quarter grew 27% to 467 million, which topped Wall Road’s projections for roughly 458 million orders, in keeping with StreetAccount.

For the present quarter, DoorDash mentioned it expects market gross order quantity to be between $15.1 billion and $15.5 billion. Analysts surveyed by StreetAccount have been searching for $15 billion in market gross order quantity.

The corporate additionally mentioned it accepted a buyback of as much as $750 million of its shares.

That is breaking information. Examine again for updates.