News Formal

Uber stock closes 11% higher as earnings, forecast beat expectations across the board

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Uber reported a first-quarter net loss of $157 million, or 8 cents a share, compared with a loss of $5.9 billion, or $3.04 a share, in the year-earlier period. $UBER got a big boost after the company issued an upbeat outlook for the current quarter:

Shares of Uber Technologies Inc. got a big boost Tuesday after the ride-hailing giant reported strong growth and issued an upbeat outlook for the current quarter.

Uber UBER stock ended regular trading at $36.52, an increase of 11.5%, its largest percentage increase since it reported results in November and saw its shares surge almost 12%. The company’s shares have now risen for five consecutive days, for a total of more than 23%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market News: Uber shares soar, Yellen warns on debt ceiling, IBM, Chegg CEOs talk AITreasury Secretary Janet Yellen warns on debt ceiling as the Federal Reserve begins its two-day meeting. JOLTS report kicks off jobs data. Uber, Pfizer, Starbucks earnings in focus. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »