Bill Baruch, Founder & President Blue Line Capital, joins CNBC's “Halftime Report” to explain why he's buying more Uber as the stock falls after reporting earnings.
Uber CEO Dara Khosrowshahi said that making driverless cars common in rideshare will take a while. He pointed to several issues, from safety to parking, as Uber released fourth-quarter earnings.
Goldman Sachs analyst Eric Sheridan maintained a Buy rating on Uber Technologies Inc UBER with a price target of $96.
As Uber strengthens its position in the market, its focus on expanding services and enhancing customer loyalty is paying off, with notable growth in both membership and demand across its platforms.
Uber Technologies Inc (NYSE: UBER) chief executive Dara Khosrowshahi agrees self-driving technology could mean uncertainty for the ride-hailing giant. But what it also means for the company is a huge opportunity, he told CNBC in an interview on Wednesday.
Shares of ride-sharing company Uber Technologies (UBER -7.42%) dipped on Wednesday after the company reported financial results for the fourth quarter of 2024. The Q4 results were fine but the forward guidance fell short of what investors were hoping for.
Uber Technologies Inc (NYSE:UBER, ETR:UT8) shares fell more than 8% after the ride-sharing and food delivery app issued weak guidance for the current quarter, overshadowing better-than-expected results for the Q4. For the first quarter of 2025, Uber projected gross bookings growth of 17% to 21%.
Although the revenue and EPS for Uber (UBER) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Uber Technologies, Inc. (NYSE:UBER ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants Dara Khosrowshahi - CEO Prashanth Mahendra-Rajah - CFO Deepa Subramanian - VP, IR Conference Call Participants Brian Nowak - Morgan Stanley Eric Sheridan - Goldman Sachs Justin Post - Bank of America Merrill Lynch Doug Anmuth - JPMorgan Michael Morton - Moffettnathanson Nikhil Devnani - Bernstein Operator Hello, and welcome to the Uber Fourth Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
George Tsilis offers a macro market perspective by noting long-term upside that will come with sideways chop. On stock movers, Chipotle (CMG) is trading down after a slip in its restaurant level operating margin.
Uber Technologies (NASDAQ: UBER) saw quite a lot of volatility in the last quarter of 2024.
Uber Technologies, Inc UBER reported fiscal fourth-quarter 2024 revenue growth of 20% year-on-year to $11.96 billion, beating the analyst consensus of $11.77 billion.