@LikeFolio's Andy Swan says Wall Street got the reaction wrong to Uber Technologies' (UBER) earnings. He points to factors that he believes keeps Uber in the driver's seat of the rideshare industry despite spending pressures on the consumer.
Josh Brown's holding, Joe Terranova's sold it. Catch today's debate on the #ChartOfTheDay!
Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and also fell short of analysts' forecasts.
Uber stock is sinking Thursday after the ride-hailing firm came up short of a key Q3 metric, but analysts have yet to adjust their ratings. Here's what you need to know.
Uber Technologies Inc (NYSE:UBER, ETR:UT8) slumped more than 11% on Thursday after expectation-beating earnings and revenue failed to overshadow disappointing gross booking figures. Revenue climbed by 20% to $11.2 billion in the third quarter, aiding a jump in diluted earnings per share from $0.10 to $1.20, Uber reported on Thursday.
Uber Technologies, Inc. (NYSE:UBER ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Dara Khosrowshahi - CEO Prashanth Mahendra-Rajah - CFO Deepa Subramanian - VP, IR Conference Call Participants Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Justin Post - Bank of America Merrill Lynch Mark Mahaney - Evercore Ron Josey - Citi Nikhil Devnani - Bernstein Ross Sandler - Barclays Benjamin Black - Deutsche Bank Operator Hello, and welcome to the Uber Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Deepa Subramanian, Vice President, Investor Relations.
Uber's stock fell Thursday after the ride-share company reported mixed third-quarter results. Gross bookings, or the dollar value of rides and deliveries, came in slightly below expectations.
Uber stock is slipping with the focus on whether it is running out of new customers and if existing ones will become more cautious on spending.
Uber Technologies (UBER) reported an earnings beat but investors have an issue with its bookings outlook. A rising competitor in DoorDash (DASH) posted its first-ever profit.
Uber Technologies Inc (NYSE:UBER) stock is 9.3% lower at $72.03 after earnings.
Although the revenue and EPS for Uber (UBER) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Uber Technologies (UBER) shares are dropping in premarket trading Thursday, as the ride-hailing giant posted weaker-than-expected gross bookings in the third quarter.