Tag: $Uber

 Uber Technologies said on Wednesday it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in ride-share and healthy demand at its food delivery business.

Uber Technologies Inc. faced a case of high expectations heading into Wednesday’s earnings report, and its stock was headed lower premarket even as the ride-hailing giant cleared Wall Street’s bar.

Uber Technologies 0.82% reported third-quarter revenue below Wall Street expectations on Tuesday, but earnings above the consensus call.China’s exports fell by 6.4% year-on-year in October in U.S. dollar terms, China’s customs agency said Tuesday.

(Bloomberg) — Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals.