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Stock impact report

Instacart stock pops 14% on revenue beat, rosy guidance [CNBC]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: CNBC
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, CEO Chris Rogers said Instacart's technology and customer-oriented approach are driving more growth and engagement to the platform. “Our execution on what matters most to customers is driving strong momentum on our marketplace, as well as our enterprise platform — which is a real, strategic advantage for us,” he said. Gross transaction value, which tracks the value of goods sold, grew 14% from a year ago to $9.85 billion, surpassing a StreetAccount estimate of $9.54 billion. Instacart said this was its strongest quarter of growth for the metric in three years. Orders totaled 89.5 million orders, beating a StreetAccount estimate of 87.8 million. For t Show less Read more
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