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Uber's lower-than-expected bookings forecast, Q4 profit miss drag down shares

By Akash Sriram (Reuters) -Uber Technologies on Wednesday forecast first-quarter bookings short of estimates due to a strong dollar after it reported a profit miss in the October-December period, sending its shares down more than 5%.

Mint · 14h

Uber Q4 net profit totals $6.8 billion, revenue jumps 25%; Gross bookings up 18% to $44.2 billion

Results: Uber’s net profit stood at $6.8 billion in the October-December period, while ride-hailing revenue jumped 25 per cent and delivery revenue rose 21 per cent.

Bloomberg on MSN · 1d

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.

MT Newswires on MSN · 23h

Uber Issues Soft Gross Bookings Outlook Despite Fourth-Quarter Beat

Uber Technologies (UBER) issued a downbeat first-quarter gross bookings outlook at the midpoint on Wednesday despite reporting a surprise increase in earnings in the preceding three-month period. The ride-hailing company's gross bookings are anticipated to be in a range of $42 billion to $43.

17m

Uber price target lowered to $90 from $95 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on Uber (UBER) to $90 from $95 and keeps a Buy rating on the shares. The ...

Uber Tops Revenue Estimates on Strong Holiday Season Ride-Hailing, Delivery Demand

Overall, the company's ride-hailing revenue jumped 25% and delivery revenue rose 21%, both above estimates. It's total ...

thewhistler.ng23h

Uber Misses Profit Target, Costs Surge, Shares Drop By 6%

Uber Technologies reported a lower-than-expected profit for the October-December period due to rising costs and forecasted ...

1don MSN

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 ...

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.

Yahoo Finance14d

Will Uber (UBER) Beat Estimates Again in Its Next Earnings Report?

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Uber Technologies (UBER), which ...

1don 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.

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