
Dingdong (Cayman) (NYSE:DDL) Issues Earnings Results

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Dingdong (Cayman) (NYSE:DDL) reported quarterly earnings of $0.02 per share, missing estimates of $0.03. Revenue was $892.26 million, significantly below the expected $6.30 billion. The company has a return on equity of 31.21% and a net margin of 1.17%. Institutional investors hold 24.66% of the stock, with recent modifications in holdings. Analysts have downgraded the stock from "hold" to "strong sell". Dingdong operates an online grocery delivery platform in China, promising delivery within 20-30 minutes from urban micro-fulfillment centers.
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