Instacart reported its third-quarter earnings with an earnings per share (EPS) of $0.42, surpassing expectations of $0.22. The company's revenue reached $852 million, exceeding the anticipated $844.1 million, marking a 12% increase year-over-year. Adjusted EBITDA for the quarter was $227 million, reflecting a 39% year-over-year rise. However, the company's guidance for the fourth quarter was disappointing, with an adjusted EBITDA forecast of $230 million to $240 million, below the expected $243.2 million. Instacart also projected gross transaction volume (GTV) for Q4 to be between $8.50 billion and $8.65 billion, significantly lower than the previous estimate of $10.20 billion. Following the earnings report, Instacart's stock fell approximately 5% in after-hours trading, attributed to the lower-than-expected guidance.