Stocks making the biggest moves premarket: Uber, Gap, Caterpillar & more

📆 01-08-23 17:18:00
📰 CNBC

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Despite missing Wall Street's revenue expectations, shares of Uber rose more than 4% after the ride-hailing giant offered rosy guidance for the third quarter.

second-quarter revenue of $954.6 million, exceeding the FactSet consensus estimate of $909.7 million. Per-share adjusted earnings came in at $0.99, higher than the forecasted $0.72 per share. CEO Herve Hoppenot cited double-digit growth in Jakafi , a treatment for blood cancer.

— Shares of the ride-hailing giant rose more than 2% in premarket trading after the company reported second-quarter results that missed analysts' expectations for revenue but offered rosy guidance for the third quarter. CEO Dara Khosrowshahi said the company achieved two major milestones during the quarter: its first quarter of free cash flow over $1 billion and its first GAAP operating profit.

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