Nov 5 (Reuters) - DoorDash ( DASH ) missed Wall Street estimates for third quarter

profit on Wednesday as the delivery firm grappled with rising expenses.

Shares of the San Francisco-based company, which have risen about 43% this year, were down

about 16% in extended trading on Wednesday.

The company's total costs and expenses for the third quarter rose about 23% to $3.19 billion

from $2.60 billion a year ago.

DoorDash ( DASH ) has been investing heavily in building partnerships, including with robotics

firm Serve Robotics ( SERV ), and companies like Domino's Pizza and Kroger ( KR ) as it looks to

expand its services to serve a broader range of customers seeking last-mile delivery services.

DoorDash ( DASH ) reported earnings of 55 cents per share, missing estimates of 69 cents.

However, its fourth-quarter gross merchandise value was above Wall Street expectations and

beat quarterly revenue estimates, boosted by resilient demand for deliveries and partnerships

with restaurants and retailers.

The company expects gross merchandise value, the total dollar value of orders placed through

its platform, in the fourth quarter to range between $28.9 billion and $29.5 billion surpassing

estimates of $25.36 billion, according to data compiled by LSEG.

GMV rose 25% to $25.02 billion in the third quarter ended September 30, beating estimates of

$24.09 billion, with total orders climbing 21% year-over-year. Revenue increased to $3.45

billion, above expectations of $3.36 billion.