is set to report second-quarter results after markets close on Thursday, as the novel coronavirus continues to curtail people's travel and commuting in the U.S.86 cents per share, adjusted, according to a consensus of analysts surveyed by Refinitiv.$3.47 billion, according to estimates compiled by StreetAccountUber suffered declines in gross bookings for its core ride-hailing business in the, but a spike in demand for its food delivery service, Uber Eats, at the same time.
After Covid-19 began having a major impact on Uber's business, the company moved fast to lay off about 14% of its workforce, more than 3,500 employees, and to offload its Jump electric bike business to a bike-sharing competitor called Lime, in which Uber is an investor. Despite the efforts to conserve cash, Uber has remained acquisitive. In July, it announced plans to buy Postmates, an on-demand delivery venture, for $2.65 billion in stock.
In the first quarter of 2020, Uber's net loss hit $2.9 billion total, including $2.1 billion in impairment charges from companies in which Uber has a stake. That represented Uber's biggest loss in three quarters.can continue to treat drivers in the United States as independent contractors.that it had filed separate lawsuits against Uber and Lyft accusing them of committing wage theft by misclassifying drivers as contractors rather than employees.
If they're on Medicare, they typically get a diagnosis-related group lump sum payment that would be $5,000. But if it's COVID-19 pneumonia, then it's $13,000, and if that COVID-19 pneumonia patient ends up on a ventilator, it goes up to $39,000.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »