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N-Zhanxin Technology Co., Ltd. surged 398% in early trading on its first day of listing, closing at 115 yuan per share.August 7th - Based on the dynamics and development trend of Typhoon Dolphin (No. 13 of this year), the Zhejiang Maritime Safety Administration activated a Level II typhoon emergency response along the coast at 8:00 AM on August 7th. Meanwhile, as of 8:00 AM on August 7th, all 162 passenger ferry routes in Zhejiang Province have been suspended, all 193 water-related engineering projects have been halted, and all 474 construction vessels have entered safe sheltered waters.According to Futures News on August 7th, as of 09:30 Beijing time, WTI crude oil futures fell 0.47%, and US natural gas futures fell 0.72%.August 7th - The 10th BRICS Industry Ministers Meeting was held in Jaipur, India on August 6th. Wang Weiming, Chief Engineer of the Ministry of Industry and Information Technology of China, attended the meeting and delivered a speech. Representatives from the industrial authorities of BRICS countries and the United Nations Industrial Development Organization (UNIDO) exchanged in-depth views on topics such as SME development, photovoltaic industry transformation, startup empowerment, and logistics system construction. The meeting adopted the "Joint Declaration of the 10th BRICS Industry Ministers Meeting," approved the responsibilities and action plan of the Photovoltaic Industry Working Group, the cooperation framework of the SME Working Group, and the Startup Action Plan.The Peoples Bank of China (PBOC) announced today that it conducted a 1 billion yuan 7-day reverse repurchase operation, with a bid amount of 1 billion yuan and a winning bid amount of 1 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.

DoorDash Stock Rises 9% on Fourth-quarter Revenue Beat; COO Will Depart

Aria Thomas

Feb 17, 2023 11:40

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DoorDash Inc (NYSE:DASH) shares jumped more than 9% after-hours on the release of the company's Q4 earnings, with revenue of $1.82 billion (up 40% year-over-year) above the consensus forecast of $1.77 billion as customer demand remains robust.


Compared to the consensus expectation of ($0.67), Q4 EPS was ($1.65). Overall orders increased by 27% year-over-year to 467 million, due to growth in customers and consumer interaction at DoorDash, as well as the company's acquisition of Wolt. At $14.4B, Q4 Marketplace GOV surged 29% year-over-year.


Monthly Active Users (MAUs) in December grew to over 32M from over 25M a year earlier, with both DoorDash and Wolt experiencing year-over-year growth in MAUs.


The business anticipates Q1 Marketplace GOV revenues between $15.1 and $15.5 billion, with adjusted EBITDA between $120-$170 million.


For the full year of 2023, the firm forecasts Marketplace GOV revenues between $60 billion and $63 billion, with adjusted EBITDA between $500 million and $800 million.


The firm also revealed that DoorDash's COO and President, Christopher Payne, will depart on March 1, 2023. Since 2018, Prabir Adarkar has worked as the company's CFO. On March 1, 2023, he assumed the roles of COO and President.

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