Instacart Beats Estimates in First Earnings Report Since IPO

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Third-quarter revenue of $764 million was up 14% from a year earlier and ahead of Street consensus.

Instacart posted better-than-expected results in the grocery delivery company’s first earnings report since it went public in September.

Instacart posted a third-quarter loss of $2 billion, including $2.6 billion in stock-based compensation expense. The loss was slightly narrower than the Street forecast for a loss of $2.2 billion. Instacart noted that for “mature cohorts”—customers who signed up in 2021 or earlier—GTV was down year-over-year, but added that the rate of decline improved compared with the second quarter.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines