Uber stock

2022 - 11 - 2

Uber stock pops 11% on revenue beat, strong guidance (CNBC)

Uber stock pops 11% on revenue beat, strong guidance · Uber reported third-quarter earnings that beat analysts' estimates for revenue Tuesday. · The company ...

[released a proposal](https://www.cnbc.com/2022/10/11/uber-doordash-plunge-as-labor-dept-proposes-gig-worker-change.html?&qsearchterm=uber) that could pave the way for regulators and courts to reclassify gig workers as employees. The number of monthly active platform consumers climbed to 124 million in the third quarter, up 14% year over year. "If anything, 72% of drivers in the U.S. That trend continued during the third quarter, as the company's mobility segment reported $3.8 billion in revenue while delivery reported $2.8 billion. Gross bookings for the quarter came in at $29.1 billion, up 26% year over year. Analysts surveyed by Refinitiv expected $568 million in adjusted EBITDA for the fourth quarter. Shares of Uber are down more than 36% so far this year. However, he cautioned that after the last few years, the company has learned not to take anything for granted. Revenue was up 72% year over year. 22 cent loss expected by analysts, according to Refinitiv. Uber reported a net loss of $1.2 billion for the third quarter, $512 million of which was attributed to revaluations of Uber's equity investments, according to a company release. - The company suffered a net loss of $1.2 billion for the quarter, $512 million of which was attributed to revaluations of Uber's equity investments, according to a company release.

Why Uber Stock Was Soaring Today (Motley Fool)

The ridesharing service is delivering the balanced growth in revenue and profits that investors want to see.

That is better than the $564 million the Street expected. The number of monthly active platform customers and trips completed were up 14% and 19%, respectively, over the year-ago quarter. While Uber reported a wider loss per share than Wall Street expected, management guided for continued improvement in adjusted operating margin.

Uber Third-Quarter Revenue Beats Estimates As Stock Soars (Investor's Business Daily)

Uber stock soared as it reported third-quarter results early Tuesday that missed on earnings but beat on revenue.

[IPO Market Posts Slowest Quarter Since Great Recession](https://investors.com/news/technology/ipos-plunge-to-13-year-low-in-quarter/) [MarketSmith: Research, Charts, Data And Coaching All In One Place](https://www.investors.com/product/marketsmith/) [When To Sell Growth Stocks: This Could Be Your No. The provider of ride-hailing services and food delivery reported an adjusted loss of 61 cents a share on revenue of $8.34 billion. Uber also reported gross bookings of $29.12 billion, which was slightly below estimates of $29.67 billion. The company reported earnings before interest, taxes, depreciation, and amortization or EBITDA, that came in ahead of estimates. 1 Rule](https://www.investors.com/how-to-invest/investors-corner/when-to-sell-growth-stocks-number-1-rule/) [How To Know It's Time To Sell Your Favorite Stock](https://www.investors.com/how-to-invest/investors-corner/when-to-sell-stocks-big-break-below-50-day-line-can-mark-end-of-a-huge-run/) Analysts expected Uber to report a loss of 18 cents a share on revenue of $8.1 billion.

Uber Stock Races Higher. CEO Says There Are No Signs of ... (Barron's)

The ride-sharing company posted a loss of 61 cents a share for the third quarter, much wider than the 18 cents expected.

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Uber stock surges after earnings report shows 72% revenue jump (Yahoo Finance)

Uber reports greater than anticipated Q3 losses, but revenue jumped 72% year-over-year.

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Uber Stock Price Rises After Revenue Jumps 72% Year Over Year (The Wall Street Journal)

Shares of Uber jumped 15% in early trading Tuesday after the ride-sharing company reported a jump in revenue that beat Wall Street expectations.

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Uber stock rises after quarterly earnings report announces 72 ... (Fox Business)

Uber stock rose by nearly 13% at the opening bell on Tuesday after the company released its third-quarter earnings report showing 72% revenue growth.

Mobility and delivery bookings, when combined, added up to $27.36 billion, which was slightly below Uber's expectations of $27.72 billion. Gross bookings totaled $29.11 billion instead of the expected $29.63 billion. [GET FOX BUSINESS ON THE GO BY CLICKING HERE](https://www.foxbusiness.com/apps-products) "Even as the macroeconomic environment remains uncertain, Uber’s core business is stronger than ever." Moreover, the [ride-sharing app](https://www.foxbusiness.com/category/uber) saw the number of trips grow by 19% to 1.95 billion, totaling 21 million trips per day by the end of September.

Hail a Ride With Uber Stock Only If It Stays Above This Key Level (TheStreet)

Uber is trading higher on its earnings report. But the stock faces key resistance on the upside, while it tries to hold a level on the downside.

Below that and the stock price could face serious risk on a close below $26.30. That would again put the stock up against a test of the 50% retracement. As they do, the bulls will want to see if the stock can stay above the 200-day moving average and the October high at $29.70. Stocks opened higher but turned lower and are near the day’s low. [LYFT](https://www.thestreet.com/quote/LYFT)) stock, the shares are up about 6% in sympathy. [UBER](https://www.thestreet.com/quote/UBER)) stock is flying higher on the day, up more than 13% following the ride-share and food-delivery company's earnings report.

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