Instacart said it's expanding artificial intelligence tools, and recently launched a suite of new solutions for grocers.
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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:
Revenues rose 10% from $852 million in the year-ago period. Gross transaction value, which tracks the value of goods sold, rose 10% to $9.17 billion from $8.3 billion last year and surpassed a $9.11 billion estimate from FactSet.
CEO Chris Rogers said Instacart's technology and customer-oriented approach are driving more growth and engagement to the…
Amazon, Uber Eats and Doordash have scaled more aggressively in grocery delivery in recent months, amping up the pressure on…
Instacart named its new CEO Wednesday weeks after it was revealed CEO Fidju Simo will depart to OpenAI.
The bank upgraded the parent company of grocery delivery provider Instacart to outperform from market perform.
The FTC sent a civil investigative demand to Instacart, Reuters reported, citing unnamed people.
Federal regulators and politicians have scrutinized companies' use of AI tools to set the cost of products or services, often…
