Maplebear Q2 Earnings: Instacart Stock Pops As Revenue, Earnings Beat Expectations
Portfolio Pulse from Adam Eckert
Maplebear Inc (NASDAQ:CART) reported better-than-expected Q2 earnings, with revenue of $823 million and EPS of 20 cents, surpassing estimates. The company also issued strong guidance for Q3, leading to an 8.59% increase in after-hours trading.
August 06, 2024 | 9:28 pm
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Maplebear Inc (NASDAQ:CART) reported Q2 revenue of $823 million and EPS of 20 cents, both exceeding estimates. The company also provided strong Q3 guidance, leading to an 8.59% increase in after-hours trading.
The better-than-expected Q2 earnings and strong Q3 guidance indicate robust financial health and growth prospects for Maplebear Inc. This has led to a significant positive reaction in the stock price, with an 8.59% increase in after-hours trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100