DoorDash reports strong Q3 earnings but shares dip in after-hours trading

DoorDash reported third-quarter earnings of 38 cents per share, surpassing expectations of 22 cents. Sales reached $2.7 billion, exceeding the forecast of $2.66 billion and up from $2.16 billion a year ago. Total orders rose 18% year-over-year to 643 million, driven by increased consumer engagement. Marketplace gross order value also increased by 19% to $20 billion. Despite the positive results, DoorDash shares fell 0.46% in after-hours trading, reaching $154.54. This marks the company's first positive GAAP net income since going public.