Uber's stock falls in the face of its 'strongest quarter ever.' Here's ...

22 hours ago · Uber anticipates it will feel the sting of a strong U.S. dollar, as the company projects gross bookings for the first quarter will reflect a 5.5-percentage-point negative impact …

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Uber Stock Slumps $12 Billion On Earnings Miss - Forbes

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May 8, 2024 · The stock losses, which wiped out a cool $12 billion in market value for Uber, came after Uber announced Wednesday it took a $0.32 loss per share during the first quarter, far worse than consensus ...

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Lyft Losing War With Uber? Stock Heading Toward Worst Day Ever …

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Feb 10, 2023 · The stock sank 36% to $10.34 as of 12:30 p.m. EST, flirting with its all-time low of just below $10 in what would be Lyft’s worst daily loss in its four-year trading history.

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Uber Stock Regains Grounds After Robotaxi Sell-Off. Here's Why ...

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Dec 12, 2024 · Uber had previously reached a partnership with Cruise to offer robotaxis on its app starting in 2025. Uber stock closed Wednesday down 5.8%. ... Uber gave its third-quarter ... Fall On Report. 1 ...

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Uber Tests 12-Month High After Reporting ‘Strongest Quarter Ever’

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Feb 8, 2023 · Uber reported $8.61 billion in sales over the last three months of 2022, beating the analyst consensus of $8.51 billion according to Factset, and a net income of -$161 million in its …

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Uber Shares Slide As Slowing Bookings Growth Spooks Investors

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Oct 31, 2024 · Gross bookings for Uber's mobility business grew 26.4%, with user engagement hitting an all-time high. Overall revenue for the third quarter came in at $11.19 billion, beating …

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Uber Stock Tumbles On Gross Bookings Miss; Company Still 'well ...

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Oct 31, 2024 · Uber stock tanked on Thursday after the ride-hailing giant missed on the all-important gross bookings metric.For the third quarter, Uber reported revenue of $11.2 billion, …

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Uber Shares Slide As Slowing Bookings Growth Spooks Investors

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Oct 31, 2024 · Net income attributable to Uber stood at $2.61 billion in the third quarter, including a $1.7 billion pre-tax gain related to the company's equity investments, while operating profit …

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Uber Shares Waver In Wake Of 'strongest Quarter Ever' - Seeking …

3 weeks from now

Feb 8, 2023 · Before U.S. stock markets opened, Uber reported a fourth-quarter profit of 29 cents a share, on revenue of $8.6B. Total bookings for the period ending December 31 reached …

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Why Uber Stock Tumbled 51% In The First Half Of The Year

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Jul 12, 2022 · The stock fell again on its first-quarter report even though it topped its own guidance. Gross bookings increased 35% to $26.4 billion and adjusted EBITDA rose to $168 …

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FAQs about Uber's stock falls in the face of its 'strongest quarter ever.' Here's ... Coupon?

Why did Uber's stock fall in the face of its'strongest quarter ever'?

Uber’s stock falls in the face of its ‘strongest quarter ever.’ Here’s why. Uber Technologies Inc. Chief Executive Dara Khosrowshahi said the company just had its “strongest quarter ever.” But that doesn’t seem enough to help Uber’s stock early Wednesday, and the ride-hailing giant fell short because of a portion of its outlook. ...

Why did Uber shares tumble on Wednesday?

Uber shares tumbled on Wednesday despite boss Dara Khosrowshahi hailing its “strongest quarter ever” amid surging demand. The San Francisco-based firm reported a 20 per cent rise in revenue to $12bn (£9.7bn) over the three months ended 31 December. Total trips on its platform grew 18 per cent year-on-year to around 3.1bn. ...

How much does Uber expect from a strong US dollar?

Uber models $42.0 billion to $43.5 billion on the metric, whereas analysts had been projecting $43.5 billion. Uber anticipates it will feel the sting of a strong U.S. dollar, as the company projects gross bookings for the first quarter will reflect a 5.5-percentage-point negative impact from currency. ...

Was Uber's fourth quarter a'strongest quarter ever'?

Operating profit in the fourth quarter disappointed at $770 million. CEO Dara Khosrowshahi said Uber posted its "strongest quarter ever." Uber shares fell 7% on Wednesday following a miss on profits in an otherwise strong set of annual results. ...

Why did Uber beat its earnings 66 cents per share?

For the same period a year earlier, Uber posted earnings of 66 cents per share on sales of $9.94 billion. The big earnings beat was driven by a large tax valuation release and unrealized gain on equity investments. ...

How did Uber perform in the fourth quarter?

Uber posted a series of beats for the fourth quarter, including revenue of $12.0 billion, up 20% from a year earlier and ahead of the $11.8 billion consensus view. Additionally, the company saw 18% growth in gross bookings, a metric that tracks the dollar value of rides and orders made through Uber’s platform. ...