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Instacart stock under pressure on Q4 sales miss, weak Q1 outlook

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Instacart (CART) — which operates as Maplebear Inc. — shares drop after reporting fourth quarter results. Revenue sat at $883 million, compared to estimates of $890.9 million. The company issued weaker-than-expected guidance for the upcoming quarter with adjusted EBITDA expected to be between $220 million and $230 million, while Wall Street estimates were at $237.1 million.

Julie Hyman and Josh Lipton outline what investors need to know about Instacart earnings.

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This post was written by Naomi Buchanan.