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Instacart Reports Better-Than-Expected Q1 Results Driven By Large Order Numbers
Instacart parent Maplebear Inc. (NASDAQ:CART) reported its first-quarter financial results after the bell Wednesday. Here's a look at the key figures from the report.
The Details:
Instacart reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of a loss of 2 cents per share.
Quarterly sales came in at $820 million, which beat the analyst consensus estimate of $793.44 million by 3.35%.
Gross transaction value (GTV) was $8.319 billion, up 11% ...