Uber Stock Falls After Earnings. The Good—and Bad—in the Report.

Uber Technologies reported third-quarter revenue below Wall Street expectations on Tuesday, but earnings above the consensus call.

“Our relentless focus on improving the product experience for both consumers and drivers continued to power profitable growth,” Chief Executive Dara Khosrowshahi said in a press release. For the fourth quarter, Uber expects to report bookings between $36.5 billion to $37.5 billion, which is in line with analysts’ estimates of $36.52 billion.The company also expects to post fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization between $1.18 billion and $1.24 billion, above Wall Street expectations of $1.15 billion.

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Uber Q3 Earnings: Top-Line Growth, Profitability Could Propel Stock to New HighsStocks Analysis by Investing.com (Damian Nowiszewski) covering: Uber Technologies Inc, LYFT Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
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