Instacart tops third-quarter expectations under new CEO Rogers, gives strong guidance
The Instacart logo is seen on a smartphone and on a PC screen.Instacart's stock rose more than 8% before the bell Monday after the grocery delivery platform topped third-quarter earnings and issued upbeat guidance under new CEO Chris Rogers.Here's how the company did versus LSEG estimates:Earnings per share: 51 cents adjusted vs. 49 cents expectedRevenue: $939 million vs. $934 million expectedRevenues rose 10% from $852 million in the year-ago period. Gross transaction value, which tracks the value of goods ...