Maplebear Q2 2024 GAAP EPS $0.20 Beats $0.13 Estimate, Sales $823.00M Beat $806.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Maplebear (NASDAQ:CART) reported Q2 2024 GAAP EPS of $0.20, beating the estimate of $0.13 by 53.85%. Sales were $823.00M, surpassing the $806.57M estimate and showing a 14.94% increase from last year's $716.00M.
August 06, 2024 | 8:34 pm
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Maplebear (NASDAQ:CART) reported strong Q2 2024 earnings, with GAAP EPS of $0.20 beating estimates by 53.85% and sales of $823.00M surpassing expectations. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, suggests strong financial health and growth potential for Maplebear. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100