Instacart's Q4 Results: Slower Growth Ahead?

Instacart gears up for its financial results release on November ninth, with investors eagerly anticipating the companys performance. Last quarter, Instacart surpassed revenue expectations, raking in $914 million, an 11.1% increase year-over-year. Analysts predict a 9.6% increase for this quarter, slightly slower than the previous years 11.5%. Adjusted earnings are projected at $0.77 per share. Despite missing Wall Streets revenue predictions three times in the last two years, Instacarts growth trajectory remains largely unchanged.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.