Instacart Announces Third Quarter 2023 Financial Results
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Instacart (CART) posts EBITDA, revenue beat in first quarter as a public company
November 9, 2023 8:01 AM ESTInstacart (NASDAQ: CART) traded modestly lower in early trading Thursday after reporting its first quarterly results since its IPO in September, which showed better-than-expected revenue and EBITDA.
The grocery delivery service reported that Gross Transaction Value (GTV) grew 6% in the third quarter to $7.494 billion, while orders rose 4% to 66.2 million. Revenue rose 14% to $764 million, above the Wall Street consensus of $736.9 million.
Still, the company had... More
Instacart (CART) Misses Q3 EPS by $7.89
November 8, 2023 4:24 PM EST(Updated - November 8, 2023 4:25 PM EST)
Instacart (NASDAQ: CART) (NASDAQ: CART) reported Q3 EPS of ($20.86), $7.89 worse than the analyst estimate of ($12.97). Revenue for the quarter came in at $764 million versus the consensus estimate of $736.9 million.
For earnings history and earnings-related data on Carolina Trust Bank (CART) click here.
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