Instacart CEO Calls Q3 Its Strongest Quarter As Public Company
Instacart shares traded lower after third-quarter EPS missed estimates, despite 17% revenue growth, higher transaction value and a proposed $17 billion DoorDash acquisition.
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Why It Matters
Instacart had its best quarter since going public, with sales up 17 percent. But the stock still fell because profit per share came in lower than expected.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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