By Stephen Nakrosis
Shares of DoorDash Inc. are higher in Thursday's late-trading session after the company reported first-quarter results and said revenue was up 198% year-over-year.
At 6:32 p.m. ET, the company's shares were gained 6.94% to $123.50 per share. Volume at the time topped 633,000 shares.
The stock finished the day's regular-trading session with a 2.21% gain, closing at $115.49.
DoorDash said revenue in the first quarter grew to $1.1 billion and total orders grew 219% year-over-year.
The company also said it had a net loss of $110 million in the quarter. In the year-ago period, it reported a net loss of $129 million.
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(END) Dow Jones Newswires