BUZZ-Instacart jumps after quarterly profit forecast above estimates

Reuters

May 02, 2025

** Shares of grocery delivery platform Instacart <CART.O> rise as much as 13.6% to $45.21, highest since February 2025

** If gains hold, the stock is set for its best day ever

** The company forecast Q2 core profit above estimates on Thursday due to resilient demand from online shoppers on its delivery platform for grocery and food

** Reports Q1 core profit of $244 million, beating an estimate of $229.4 million

** Posts Q1 gross transaction value of $9.12 billion and revenue of $897 million, both almost in line with estimates

** CART is able to invest in growth areas while managing expenses and we expect margins to expand through the year - Doug Anmuth, J.P.Morgan analyst ** Including session moves, stock is up about 8% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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rise as much as 13.6% to $45.21, highest since February 2025</p><p>  ** If gains hold, the stock is set for its best day ever</p><p>  ** The company <span>forecast Q2 core profit above estimates</span> on Thursday due to resilient demand from online shoppers on its delivery platform for grocery and food </p><p>  ** Reports Q1 core profit of $244 million, beating an estimate of $229.4 million</p><p>  ** Posts Q1 gross transaction value of $9.12 billion and revenue of $897 million, both almost in line with estimates</p><p>  ** CART is able to invest in growth areas while managing expenses and we expect margins to expand through the year - Doug Anmuth, J.P.Morgan analyst  ** Including session moves, stock is up about 8% YTD</p><p> (Reporting by Anuja Bharat Mistry in Bengaluru)</p><p> ((AnujaBharat.Mistry@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4113","symbol_name":"食品零售","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250502:nL6N3RA0J9:1","article_id":"2532384075","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532384075","pubTimestamp":1746196213,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Instacart jumps after quarterly profit forecast above estimates  ** Shares of grocery delivery platform Instacart <CART.O> rise as much as 13.6% to $45.21, highest since February 2025  ** If gains hold, the stock is set for its best day ever  ** The company forecast Q2 core profit above estimates on Thursday due to resilient demand from online shoppers on its delivery platform for grocery and food   ** Reports Q1 core profit of $244 million, beating an estimate of $229.4 million  ** Posts Q1 gross transaction value of $9.12 billion and revenue of $897 million, both almost in line with estimates  ** CART is able to invest in growth areas while managing expenses and we expect margins to expand through the year - Doug Anmuth, J.P.Morgan analyst  ** Including session moves, stock is up about 8% YTD  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4113":"食品零售","CART":"Instacart, Inc. 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