Instacart (CART) posts EBITDA, revenue beat in first quarter as a public company
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Go back to Instacart (CART) posts EBITDA, revenue beat in first quarter as a public company
November 9, 2023 6:02 AM EST
Gordon Haskett analyst Robert Mollins lowered the price target on Instacart (NASDAQ: CART) to $29.00 (from $31.00) while maintaining a Hold (3) rating.... More
November 9, 2023 3:22 AM EST
JMP Securities analyst Andrew Boone raised the price target on Instacart (NASDAQ: CART) to $35.00 (from $33.00) while maintaining a Market Outperform rating.... More
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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November 8, 2023 4:08 PM EST
By Granth Vanaik
(Reuters) -Instacart on Wednesday forecast fourth-quarter core profit above Wall Street estimates in its first earnings report since going public in September, on higher transaction and advertisement fees, sending its shares up 4% after the bell.
The grocery delivery firm, whose stock has lost more than a third of its value since debut, also announced a $500 million share repurchase program.
It expects current-quarter adjusted EBITDA, a key measure of profitability, to be between $165 million... More
