Tag: $Uber

Uber  reported first-quarter results on Wednesday that came in slightly above analysts’ estimates for revenue, but the ridesharing company posted an unexpected net loss.

 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.