When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
DDL - Dingdong Slows Down Spending Dangles Prospect Of Profits
Dingdong (Cayman) Limited American Depositary Shares (each two representing three)
After years of spending on breakneck growth, Dingdong (Cayman) Ltd. finally appears to be slowing down in response to investor demands that it find a way to operate profitably.
Dingdong’s revenue growth slowed to 72% in the fourth quarter, down from 111% and 78% in the third and second quarters, respectively.
The company also reined in its spending, helping pare its quarterly net loss by 12% as it talked of profitability ‘soon’.
The stock fell 1.8% in Tuesday trade after the results were announced, and was down another 2.5% after-hours.