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Uber’s stock falls in the face of its ‘strongest quarter ever.’ Here’s why.
The ride-hailing company faces stiff pressure from the strong U.S. dollar, which is weighing on its forecast for the current quarter.
Why Uber Stock Is Falling After Earnings
Uber stock is lower Wednesday as the ride-hailing firm's soft first-quarter outlook offsets its strong fourth-quarter results. Here's what you need to know.
Uber Shares Fall on Earnings Miss Amid Rising Legal Expenses
Uber Technologies Inc. reported weaker-than-expected fourth-quarter earnings and operating income, citing legal and regulatory expenses, and cautioned that currency headwinds would have an impact on first-quarter bookings.
Uber sees Q1 gross bookings $42B-$43.5B
Gross Bookings of growth of 17% to 21% YoY on a constant currency basis. This translates to reported Gross Bookings
Uber Stock Is Falling After Earnings. Guidance Disappointed.
Ride-hailing firm Uber reported strong fourth-quarter revenue, but the outlook for bookings and Ebitda both came in light.
Uber Shares Fall on Weak First-Quarter Gross Bookings Guidance
Uber Technologies Inc. issued a first-quarter bookings outlook that disappointed analysts, cautioning that currency headwinds and severe winter weather would have an impact on trips and deliveries in the current period.
1h
on MSN
Uber stock price target cut to $80 at Wolfe Research
Wolfe Research adjusted its outlook on Uber Inc. (NYSE:UBER) by reducing the price target to $80 from the previous $92, while maintaining an Outperform rating on the company's shares. According to ...
14h
Uber Hits A Speed Bump, But The Ride Back To $80 Looks Relatively Smooth
Uber Technologies, Inc.'s expansion plan is solid, including partnerships with big AV players and expansion in low dense ...
23h
on MSN
Uber beats fourth-quarter revenue expectations but offers soft guidance
Uber’s mobility segment reported $6.91 billion in revenue, up 25% from a year earlier. StreetAccount analysts were expecting ...
22h
on MSN
Uber Earnings: EPS Surges to $3.21
Uber Technologies exceeded market projections in its latest earnings report, revealing robust growth despite ongoing ...
23h
on MSN
Uber projects quarterly bookings below estimates hurt by strong dollar
Uber Technologies forecast current-quarter bookings below Wall Street estimates on Wednesday, joining a slew of U.S.
21h
Is Waymo Friend or Foe to Uber?
The fast expansion of Waymo’s driverless car service is growing competition for Uber. The companies are also partners.
13h
on MSN
Uber opens waitlist for Waymo robotaxi rides in Austin. Here's how to sign up
The long-awaited partnership between Uber and Waymo has hit the road in Austin as the brands announced riders are now able to ...
13h
on MSN
Waymo just popped up on the Uber app in Austin ahead of robotaxi launch
Uber customers in Austin may notice a new offer when they open the app and hail a ride: an invitation to signal their ...
20h
on MSN
Uber to Austin: get ready for Waymo
Uber is inviting customers to join an interest list if they want to ride in a Waymo robotaxi.
17h
Uber CEO says making self-driving taxis mainstream will 'take way, way longer'
Uber CEO Dara Khosrowshahi described fleets of self-driving cars as a long way off, given challenges such as parking and ...
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