News Formal

Uber Faces Earnings Test Ahead of Lockup Expiration: What to Watch

  • 📰 WSJ
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Uber is expected to report its quarterly loss narrowed from the previous period. Here is what else to watch for in the ride-hailing company’s results.

Uber Technologies will report earnings after the market closes on Monday. Here are the key points:

Earnings Forecast: The ride-hailing company is expected to post a net loss of $1.5 billion, according to analysts, compared with a loss of $5.2 billion in the previous quarter. Most of the loss in the June quarter was attributable to a $3.9 billion charge for stock compensation related to the company’s initial public offering in May. Excluding interest, taxes, depreciation and amortization, analysts expect a loss of $814 million....

 

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:

 /  🏆 98. in US

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.

Uber reveals its new financial services team Uber Money - Business InsiderUber is launching a digital wallet, dubbed Uber Wallet, in addition to reintroducing the Uber Credit Card, and updating its Uber Debit Account.
Source: BusinessInsider - 🏆 729. / 51 Read more »