SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Maplebear Inc. (CART) on Wednesday reported first-quarter earnings of $130 million.

On a per-share basis, the San Francisco-based company said it had profit of 43 cents.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The operator of the Instacart online grocery posted revenue of $820 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $796.2 million.

Maplebear shares have risen 60% 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