Uber's mobility revenue rose 26%, boosting Q3 results. Comcast saw Peacock subscribers surge from Olympics; Peloton and Merck raised yearly outlooks.
Uber Technologies (UBER) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.10 per share a year ago.
Uber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's quarterly earnings results, the company's delivery business, interest in Expedia, M&A strategy, autonomous strategy, and more.
Uber Technologies Inc (NYSE:UBER, ETR:UT8) shares fell 6% in pre-market trading as news of 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's stock is falling after a miss on gross bookings, which measures the dollar value of things like rides and delivery orders.
The ride-hailing company beats quarterly estimates for earnings and sales but gross bookings are lower than expected.
Uber Technologies's gross bookings grew at its slowest pace in over a year in a sign that riders were opting for less expensive public transportation over taxis, sending its shares down more than 6% in premarket trading.
Uber reported third-quarter results Thursday that beat analysts' expectations for revenue. The company's revenue grew 20%, totaling $11.19 billion.
Uber Technologies (UBER) will report earnings for the third quarter before the opening bell on Thursday, with the ridesharing giant expected to report a substantial rise in profits and revenue from the same time last year.
UBER's third-quarter performance is likely to have benefitted from upbeat gross bookings. Total trips are expected to have increased y/y in Q3.
Serve Robotics' stock soared after Nvidia's stake in the company was revealed.
Evaluate the expected performance of Uber (UBER) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.