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Uber stock soars as earnings forecast tops expectations

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Shares of Uber Technologies Inc. were rising 10% in premarket trading Tuesday after the ride-hailing giant issued an upbeat outlook for the current quarter

Shares of Uber Technologies Inc. were up 10% in premarket trading Tuesday after the ride-hailing giant issued an upbeat outlook for the current quarter.

“Looking... Shares of Uber Technologies Inc. were up 10% in premarket trading Tuesday after the ride-hailing giant issued an upbeat outlook for the current quarter. “Looking ahead, we are focused on extending our product, scale and platform advantages to sustain market-leading top and bottom-line growth beyond 2023,” Chief Executive Dara Khosrowshahi said in a release.

Uber also reported adjusted Ebitda of $761 million, up from $168 million a year before, while analysts tracked by FactSet were anticipating $689 million.

 

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