By Ben Glickman
DoorDash’s third-quarter revenue rose 27% and topped estimates as its loss narrowed. The company also raked in 543 million total orders, a rise of 24% from a year ago and more than expected by analysts. Shares rise 7.7% to $81.76 after-hours.
e.l.f. Beauty lifted its full-year guidance again after sales in the third-quarter jumped 76% and beat expectations. The cosmetic company’s profit nearly tripled in the quarter as the company gains shelf space at retailers and expands gross margins. Shares rise 9.4% to $103.45 after-hours.
SolarEdge Technologies reported a sharp drop in sales in the third quarter. The company unexpectedly posted a loss in the period after a drop in demand led to high inventory levels of the company’s products. Shares sink 19% to $61.55 after-hours.
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