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%

United States News News

United States United States Latest News,United States United States 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%.

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 US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States 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 »