SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Maplebear Inc. (CART) on Wednesday reported first-quarter net income of $144 million.
On a per-share basis, the San Francisco-based company said it had profit of 57 cents.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The operator of the Instacart grocery delivery service posted revenue of $1.02 billion in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $1 billion.
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