SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Maplebear Inc. (CART) on Tuesday reported fourth-quarter net income of $135 million.
On a per-share basis, the San Francisco-based company said it had profit of 44 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The operator of the Instacart online grocery posted revenue of $803 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $803.7 million.
For the year, the company reported a loss of $1.62 billion, or $12.43 per share. Revenue was reported as $3.04 billion.
Maplebear shares have risen 19% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CART at https://www.zacks.com/ap/CART