Instacart shares jumped after the delivery platform posted higher revenue in the second quarter, boosted by additional orders, and issued an upbeat outlook for the current quarter.

The company, formally known as Maplebear, on Thursday posted net income of $111 million, down from $116 million the year prior. On a per-share basis, earnings attributable to common stockholders rose to 45 cents a share from 41 cents a share. Analysts polled by FactSet expected 54 cents a share.

Revenue increased 14% to $1.04 billion from $914 million. Wall Street expected $1.03 billion.

Gross transaction value rose 14%, to $10.35 billion, while orders increased 9%, to 90.3 million.

Chief Executive Chris Rogers said that the company's growth has meaningfully picked up over the last three quarters, and that it's attracting more customers across its platform.

The company guided for third-quarter gross transaction value of $10.3 billion to $10.55 billion and adjusted earnings before interest, taxes, depreciation and amortization of $320 million to $340 million.

Both metrics were ahead of analysts, who on average were looking for gross transaction value of $10.29 billion and adjusted Ebitda of $318.6 million.

The stock gained about 10.1% in late trading to $49.58. Through Thursday's close, the stock was up slightly for the year.