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Instacart sees upbeat core profit on higher transaction, ad fees
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Instacart sees upbeat core profit on higher transaction, ad fees
By Granth Vanaik (Reuters) - Instacart on Wednesday forecast fourth-quarter core profit above Wall Street estimates in its first earnings report since going public in September, powered by higher transaction and advertisement fees. The grocery delivery firm, whose stock has lost more than a third of its value since its debut, also announced a $500 million share repurchase program. Instacart said it expects current-quarter adjusted EBITDA, a …
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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