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home / news releases / WMT - Instacart shares remain defensive despite upbeat Q1 results

WMT - Instacart shares remain defensive despite upbeat Q1 results

Walmart Inc.

2024-05-09 15:42:43 ET

Instacart ( NASDAQ: CART ) shares are struggling for direction Thursday as Wall Street digests Q1 results where the company showed an increase in both profit and sales indicating strong execution and the potential for growth going forward. The company said revenue was up 8%, new orders increased 9%, while gross transaction volume, a metric the company relies on to determine stability, increased 11% to a post-IPO record of $8.3B. ...

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Instacart shares remain defensive despite upbeat Q1 results
Stock Information
Company Name: Walmart Inc.
Stock Symbol: WMT
Market: NYSE
Website: stock.walmart.com
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