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Maplebear (NASDAQ:CART) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS
['Latisha Jones']
Daily Political
Maplebear (NASDAQ:CART – Get Free Report) released its quarterly earnings results on Thursday.
The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09), Zacks reports.
The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion.
PenderFund Capital Management Ltd. acquired a new position in shares of Maplebear during the 4th quarter worth $27,000.
CART second-quarter earnings analysisThe company raised its third-quarter revenue outlook above Wall Street expectations, suggesting continued demand for online grocery services.