Instacart tops third-quarter expectations under new CEO Rogers, gives strong guidance
1. Instacart's stock rose over 8% after positive Q3 earnings. 2. Revenue increased to $939 million, surpassing expectations. 3. Forecasts indicate robust growth in gross transaction value. 4. Company launched new AI tools to enhance advertising and customer experience. 5. Share buyback plan increased by $1.5 billion, signaling strong investor confidence.