By Kelly Cloonan
DoorDash's revenue and orders climbed double digits in its latest quarter as the delivery giant continued to attract new customers to its platform. The company said it attracted more customers in the U.S. for its grocery and retail delivery services due to an expanded selection in newer categories, such as apparel and auto parts, and also drew new U.S. customers for its restaurant delivery offerings. Shares climbed 12% to $188.34 in after-hours trading.
Snap and Perplexity scrapped a deal to integrate the startup's AI-powered answer engine directly into the social-media platform, ending a relationship that had boosted investors' hopes for improved profitability at Snap. The companies said they amicably ended the relationship. Snap also logged a narrower loss and higher revenue in its latest quarter, during which daily active users ticked up. The stock slid 9.5% to $5.53 in late trading.
Whirlpool slashed its full-year earnings guidance roughly in half and said it would suspend its dividend as it focuses on paying down debt. The maker of refrigerators and washing machines also said it would raise its prices by the most in a decade in an effort to address multi-year pressures from inflation, and said the war in Iran has resulted in a recession-level industry decline in the U.S. The stock declined 16% to $45.80 after hours.
Arm Holdings said it was seeing rampant demand for its new computer chips, and reported a higher profit in its fiscal fourth quarter as revenue grew 20%. Shares were volatile in after-hours trading, and were recently down 5% at $225.00.
Zillow Group reported a higher profit in the first quarter but said traffic to its sites and apps had declined. The home-listing site said traffic fell 3% to 220 million average monthly unique users, with a 3% decline in visits to $2.3 billion. Shares fell 6.4% to $41.70 in late trading.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
May 06, 2026 19:26 ET (23:26 GMT)
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