RTTNews | Nov 10, 2021 07:10AM EST

07:10 Wednesday, November 10, 2021 (RTTNews.com) - Shares of food delivery company DoorDash, Inc. (DASH) are up more than 16% in pre-market on Wednesday.

Tuesday DoorDash had announced its decision to acquire Finnish start-up rival Wolt in an all-stock transaction valued about 7 billion euros. The deal helps the company to expand its footprint to European markets.

Separately, DoorDash reported third-quarter results on Tuesday with revenue of $1.275 billion, higher than $879 million a year ago.

However, the company's net loss widened in the quarter to $101 million from net loss of $35 million last year, on higher expenses. Loss per share was $0.30 compared with $0.96 a year ago on higher number of shares.

DASH closed Tuesday's regular trading at $192.01, down $1.14, or 0.59%. The stock is currently at $224.05

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