Uber stock

Uber's revenue more than doubled last quarter, as demand for rides rebounded after fresh Covid-19 concerns last year and food delivery grew despite ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. Analysts polled by FactSet expected revenue of $6.09 billion.

Uber Technologies Inc on Wednesday said it had no need to boost incentives further to lure more drivers and forecast a strong second quarter, a day after ...

Importantly, we expect this trend to continue without significant incremental incentive investments," Uber Chief Executive Dara Khosrowshahi said in prepared remarks. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Uber Technologies posted a wider-than-expected first quarter loss Wednesday, but said it doesn't expected rising costs linked to driver retainment to hold ...

There’s never been a more exciting time to innovate at Uber and we’re focused on executing our strategy to grow our platform profitably.” "Importantly, we expect this trend to continue without significant incremental incentive investments." That still left adjusted earnings at $54.8 billion, well ahead of forecasts, but Lyft said that figure would plummet to $15 billion over the three months ending in March. Lyft, which is struggling to find drivers in an historically competitive job market and surging fuel costs, also said active riders for the three months ending in March fell 18.7 million from the prior quarter. Uber said its adjusted loss for the three months ending in March came in at $3.04 per share, or $5.9 billion, although most of that was linked to accounting changes linked to the group's stakes in China-based ride hailing company Didi Global ( DIDI) - Get DiDi Global Inc. Report. March quarter revenues, Uber said, rose 136% from last year to $6.9 billon, well ahead of the Street consensus forecast of $6.13 billion. Looking into the current quarter, Uber said it sees gross bookings in the region of $28.5 billion to $29.5 billion, compared to analysts' estimates of around $28 billion, with adjusted earnings of between $240 million to $270 million.

Uber reports surging revenue as drivers return, but posts massive loss on investments · Uber on Wednesday reported surging revenue during the first quarter as ...

Ride-hailing companies have struggled with supply and demand since the Covid-19 pandemic took drivers off the road. Uber said its driver base is at a post-pandemic high. Drivers and couriers earned an aggregate $9 billion in the quarter, which is slightly less than the fourth quarter. Analysts feared companies would have to pour millions into keeping drivers. Uber was reliant on its delivery business, which includes Uber Eats, throughout the pandemic. For the second quarter, Uber anticipates gross bookings of between $28.5 billion and $29.5 billion. Its mobility segment reported $2.52 billion in revenue, compared with delivery's $2.51 billion. CEO Dara Khosrowshahi said in a statement that April mobility gross bookings exceeded 2019 levels across all regions and use cases. Monthly active platform consumers reached 115 million, up 17% year over year. However, mobility revenues have now surpassed delivery revenues. The company's shares were down more than 9%. - Loss per share: 18 cents ex-items vs.

(Bloomberg) -- Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ...

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Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue ...

Tupperware (TUP) – The storage products maker saw shares slump 19.9% in the premarket after it missed top and bottom-line estimates for its latest quarter and withdrew its full-year forecast. Starbucks (SBUX) – Starbucks matched estimates with an adjusted quarterly profit of 59 cents per share, and revenue slightly above estimates. Airbnb (ABNB) - Airbnb posted a quarterly loss of 3 cents per share, narrower than the 29-cent loss analysts were anticipating. Moderna earned $8.58 per share for the quarter, compared with a consensus estimate of $5.21. Brinker pointed to challenging commodity and labor costs, and shares tumbled 10.3% in the premarket. Generac earned an adjusted $2.09 per share, beating the $1.94 consensus estimate.

Shares of Uber Technologies (UBER -7.33%) were moving lower as better-than-expected revenue in its first quarter wasn't enough to offset pessimism around ...

Looking ahead to the second quarter, Uber sees gross bookings of $28.5 billion to $29.5 billion, representing 32% growth, essentially in line with its growth rate in the first quarter. The sell-off is surprising given the solid results, but the market seems skeptical about the recovery in ride-hailing even as the company says results topped pre-pandemic levels in all segments and regions. Adjusting for a $5.5 billion mark-to-market loss on investments, it finished in line with analyst estimates of a per-share loss of $0.24. It seems the market still needs to be persuaded that the transportation stock can be a sustainably profitable company. In April, mobility gross bookings exceeded 2019 levels across all regions and use cases." Uber continued to recover from the depths of the pandemic in the first quarter with gross bookings up 35% to $26.4 billion and 58% growth in the mobility business, the segment that had been hit hardest in the pandemic, to $10.7 billion.

The ride-hailing company is predicting second-quarter Ebitda of between $10 million and $20 million, well below analysts' expectations at $83.1 million.

Non-GAAP net income of $24.6 million, or 7 cents a share, compared with expectations for a net loss of 7 cents... Lyft (ticker: LYFT) reported a net loss of $196.9 million, or 57 cents a share, compared with Wall Street’s consensus estimate for a net loss of 54 cents a share. Lyft was the latest casualty of what’s been a brutal earnings season for tech stocks.

Instead, weighing on the shares today is the $5.9 billion in net losses the company accrued during the quarter, due to equity investments in mobility and ...

This is per Uber stock's 10-day put/call volume ratio, which sits in the highest percentile of its annual range. Uber Technologies Inc (NYSE:UBER) stock is down 9.9% at $26.56 ahead of Wall Street's opening bell, even after the rideshare name reported better-than-expected losses of 18 cents per share, and a revenue beat of $6.85 billion for the first quarter. The stock just came off its fourth-straight monthly loss, too, and is down over 46.3% year-over-year.

Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images. Check out the companies making headlines ...

The company reported earnings that were in line with analysts' estimates but shared weak forward guidance. The casino operator posted $2.29 billion in revenue for the quarter, missing analysts' estimates of $2.35 billion, according to FactSet's StreetAccount. The company also said it saw a decrease in demand for pandemic-related services during the first quarter. The company said it had its highest number of bookings on record and more than $1 billion in free cash flow during the quarter. Starbucks — Shares jumped about 9.8% after Starbucks surpassed revenue expectations in its most recent earnings report. Uber — The ride-hailing app saw its stock drop nearly 4.7% after the company posted a massive loss on investments.

Revenue in the first three months of 2022 was up 136 percent from a year earlier as travel continued to rebound.

Lyft reported better-than-expected revenue, $876 million, a 44 percent increase from the first quarter of 2021, and $197 million in net loss, a 54 percent decrease. But he painted an optimistic picture of the company’s business by pointing to areas of potential growth, like Uber’s partnerships with taxi companies and its investments in the freight industry. And the value of Uber’s stock, similar to other gig economy companies, has fallen more than 30 percent since the beginning of the year. Uber, which had already been spending heavily to lure back drivers who left early in the pandemic, responded in March by charging riders a small fuel fee for each trip, which went to drivers. He added that the company’s results “make clear that we are emerging on a strong path out of the pandemic.” Uber also said it had logged 1.7 billion trips during the quarter, an 18 percent increase from a year earlier, and had 115 million people using its platform each month, a 17 percent increase.