Instacart slips on Q1 bottom line miss
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Instacart (CART) shares fell approximately 13% after the company reported Q1 earnings that fell short of analysts' expectations. The GAAP EPS for Q1 was $0.37, missing estimates by $0.20. The company also provided guidance for Q2 gross transaction value (GTV) between $10.1 billion and $10.25 billion, indicating a year-over-year growth of 11%-13%.
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