The DoorDash stock was in the spotlight on Friday as the American food delivery service released its fourth quarter 2023 figures on Thursday evening. The results caused a stir as DoorDash achieved a revenue of 2.303 billion US dollars in the fourth quarter, representing a growth of 27 percent compared to the previous year. Analysts had previously expected revenue of 2.25 billion US dollars, exceeding expectations.

Not only was the revenue convincing, but the loss per share was also dramatically reduced compared to the previous year, standing at $0.39 compared to $1.65 last year. Analysts had forecasted a negative EPS of $1.31. The full year 2023 was also very successful for DoorDash, with revenue increasing from $6.583 billion to $8.635 billion, and the loss per share reduced from $3.68 to $1.42.

For the current fiscal year 2024, DoorDash expects an adjusted EBITDA between 1.5 and 1.9 billion US dollars. This indicates that the food delivery service continues to be on an impressive growth trajectory and consistently improves its financial performance. With these results in mind, investors are eagerly awaiting the development of DoorDash stock.

In pre-market NASDAQ trading, however, DoorDash investors were less enthusiastic as the stock temporarily lost 6.64 percent to $117.89. According to Dow Jones Newswires, this is due to the disappointing reaction of some market participants who had bet on even better financial results. It seems that these high expectations thwarted the investors' plans.

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Overall, the quarterly financial results of DoorDash can be considered a success. The company demonstrates strong financial performance and continues to impress with its forecasts for the current fiscal year 2024. Despite the temporary disappointment of DoorDash investors in pre-market trading, the company remains on a promising course and continues to offer attractive opportunities to investors.