Maplebear shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 adjusted EBITDA guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Maplebear shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 adjusted EBITDA guidance above estimates.
August 07, 2024 | 11:54 am
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POSITIVE IMPACT
Maplebear (CART) shares are trading higher following the release of better-than-expected Q2 financial results and optimistic Q3 adjusted EBITDA guidance.
The better-than-expected Q2 financial results and the above-estimate Q3 adjusted EBITDA guidance are likely to boost investor confidence, leading to a positive short-term impact on Maplebear's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100