05:08 PM EDT, 05/08/2024 (MT Newswires) -- Instacart (CART) reported Q1 net income late Wednesday of $0.43 per diluted share, with no income or loss reported in the year ago period.

Analysts polled by Capital IQ expected a loss of $0.02.

Revenue for the quarter ended March 31 rose to $820 million from $759 million a year earlier. Analysts surveyed by Capital IQ expected $794.3 million.

The company's shares were down 4% in after-hours activity.

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