Stock Track | Dingdong Stock Plunges in Pre-Market After Q3 Earnings Report

Stock Track11-06

Shares of Dingdong (Cayman) Limited (NYSE: DDL), a leading e-commerce company based in China, plunged by 6.60% in pre-market trading on Monday, November 6th, 2024, following the release of the company's third-quarter financial results for the fiscal year 2024.

While Dingdong reported a strong 32.26% year-over-year increase in sales, reaching $931.69 million and surpassing analyst estimates of $692.84 million, the company's earnings per share (EPS) of $0.10 raised concerns among investors. Although the EPS represented a significant improvement compared to $0.01 in the same period last year, it may have fallen short of market expectations.

Additionally, Dingdong's financial report revealed a substantial rise in expenses across various operational areas. The company's fulfillment expenses, sales and marketing expenses, product development expenses, and general and administrative expenses all increased substantially compared to the previous year. This surge in costs could potentially impact Dingdong's profitability and may have contributed to the stock's pre-market decline.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1111825940?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 18:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1111825940","market":"us","top_or_hot":-1,"title":"Stock Track | Dingdong Stock Plunges in Pre-Market After Q3 Earnings Report","media":"Stock Track","content":"<p>Shares of Dingdong (Cayman) Limited (NYSE: DDL), a leading e-commerce company based in China, plunged by 6.60% in pre-market trading on Monday, November 6th, 2024, following the release of the company's third-quarter financial results for the fiscal year 2024.</p>\n\n<p>While Dingdong reported a strong 32.26% year-over-year increase in sales, reaching $931.69 million and surpassing analyst estimates of $692.84 million, the company's earnings per share (EPS) of $0.10 raised concerns among investors. Although the EPS represented a significant improvement compared to $0.01 in the same period last year, it may have fallen short of market expectations.</p>\n\n<p>Additionally, Dingdong's financial report revealed a substantial rise in expenses across various operational areas. The company's fulfillment expenses, sales and marketing expenses, product development expenses, and general and administrative expenses all increased substantially compared to the previous year. This surge in costs could potentially impact Dingdong's profitability and may have contributed to the stock's pre-market decline.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Dingdong Stock Plunges in Pre-Market After Q3 Earnings Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Dingdong Stock Plunges in Pre-Market After Q3 Earnings Report\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-06 18:38 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Dingdong (Cayman) Limited (NYSE: DDL), a leading e-commerce company based in China, plunged by 6.60% in pre-market trading on Monday, November 6th, 2024, following the release of the company...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DDL","symbol_name":"叮咚买菜","start_time":0,"source_url":"","article_id":"1111825940","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111825940","pubTimestamp":1730889512,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Dingdong  Limited , a leading e-commerce company based in China, plunged by 6.60% in pre-market trading on Monday, November 6th, 2024, following the release of the company's third-quarter financial results for the fiscal year 2024.While Dingdong reported a strong 32.26% year-over-year increase in sales, reaching $931.69 million and surpassing analyst estimates of $692.84 million, the company's earnings per share  of $0.10 raised concerns among investors. Although the EPS represented a ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DDL":"叮咚买菜"},"translate_title":"股票赛道叮咚股票在第三季度财报发布后盘前暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DDL":1},"content_text":"Shares of Dingdong (Cayman) Limited (NYSE: DDL), a leading e-commerce company based in China, plunged by 6.60% in pre-market trading on Monday, November 6th, 2024, following the release of the company's third-quarter financial results for the fiscal year 2024.\nWhile Dingdong reported a strong 32.26% year-over-year increase in sales, reaching $931.69 million and surpassing analyst estimates of $692.84 million, the company's earnings per share (EPS) of $0.10 raised concerns among investors. Although the EPS represented a significant improvement compared to $0.01 in the same period last year, it may have fallen short of market expectations.\nAdditionally, Dingdong's financial report revealed a substantial rise in expenses across various operational areas. The company's fulfillment expenses, sales and marketing expenses, product development expenses, and general and administrative expenses all increased substantially compared to the previous year. This surge in costs could potentially impact Dingdong's profitability and may have contributed to the stock's pre-market decline.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1111825940"}