In this photo illustration, the Instacart logo can be seen on the smartphone and PC screen.
Pavlo Gonchar | SOPA Images | lightrocket | Getty Images
InstacartThe stock has the worst record after grocery delivery companies released revenue lapses in the fourth quarter and provided lighting guidance in the current period, with the stock falling 12% after grocery delivery issued revenue lapses in the fourth quarter.
The stock’s biggest one-day recession ahead of Wednesday’s move was in November when it fell 11% in November.
According to LSEG, Instacart’s fourth-quarter revenue was $883 million, lower than the average analyst estimate of $891 million. The company said it expects adjusted earnings in the first quarter to be between $220 million and $230 million, below consensus forecast of $237.1 million.
The total transaction value measuring the value of a product sold will be between $9 billion and $9.15 billion this quarter, while the fact set is estimated at $9 billion. Instacart said it expects average order growth to drop due to restaurant orders, at least $0 delivery charges for the basket.
When Instacart held Nasdaq Stock in September 2023, it became the first well-known venture-backed company to be listed in the U.S. in about two years as the market adapts to inflation and rising interest rates.
The official company name is Maplebear. The first day on the market The market value is approximately US$11 billion, lower than $39 billion Private market valuation in 2021 A common pandemic.
The stock reached $53.15 on February 19 after 76% of the rally last year. It closed Wednesday for $42.80.
watch: How Instacart uses AI
