Instacart Stock Slips Despite Earnings Beat, Stronger-Than-Expected Sales Growth

By Investor's Business Daily | Nov 12, 2024 at 04:23 PM EST

Instacart stock fell after exceeding Q3 earnings expectations, but with a lower earnings forecast. The company reported a profit of 42 cents per share on sales of $852 million. Despite stock gains, Instacart expects $8.58 billion in gross transaction value for Q4.

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