Instacart stock pops 14% on revenue beat, optimistic guidance
Mădălin Mihai
Instacart shares climbed 14% during extended trading on Thursday after the grocery delivery company reported strong fourth-quarter revenue and forecast upbeat guidance. Here's how the company did versus LSEG estimates: Revenue grew 12% from a year ago. Net income totaled $81 million, or 30 cents per share. The company reported adjusted earnings before interest, taxes, depreciation and amortization of $303 million, topping the $292 million expected by StreetAccount. In a letter to shareholders,
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