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DoorDash (DASH) stock plunged late Wednesday, falling as much as 19% after the company reported third quarter profit that missed forecasts and said its fourth quarter profits would come in below Street expectations.

Adjusted earnings per share in the third quarter tallied $0.55, missing forecasts for earnings per share of $0.68, according to Bloomberg data. Revenue beat expectations, coming in at $3.45 billion against estimates for $3.36 billion.

Some of its key metrics, such as total orders and marketplace gross order value (GOV), the total dollar value of orders on the marketplace, also Wall Street analysts’ forecasts.

Total order volumes came in 5 million higher than the street expected, clocking in at 776 million. Marketplace GOV came in at $25.02 billion, above the $24.58 billion Wall Street projected. That’s also above DoorDash’s quarterly outlook provided in the previous quarter, a range $24.2 billion to $24.7 billion.

In the fourth quarter, the company expects adjusted EBITDA to come in between $710 million-$810 million, roughly in-line with the $754 million reported in the third quarter. Marketplace GOV is forecast to come in the range of $28.9 billion-$29.5 billion.

In its release on Wednesday, the company said some key drivers in the third quarter quarter included gaining twice as many monthly active users in the first nine months of the year compared to 2024.

Its US restaurant category saw year-over-year growth in marketplace GOV, and it expanded partnerships in areas such as grocery, retail, alcohol, floral, pet, gifting, and convenience, contributing to higher user engagement.

DoorDash’s stock slide late Wednesday follows widespread weakness in restaurant stocks this year, with stressed consumers continuing to be more choiceful and looking for value across household budgets.

Ahead of Wednesday’s report, DoorDash stock had been up about 40% this year.