Uber, Shake Shack earnings and trade deal updates: 3 things to watch for in the markets Monday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

We'll get Uber and Shake Shack earnings and trade talk updates on Monday.

reporting third-quarter earnings after the bell on Monday. Wedbush is expecting Uber to report a loss of 95 cents per share on revenue of $3.862 billion. This would be a significant drop in profit losses from the second quarter's loss of $4.72 per share.

Uber's earnings come two days before the company's lockup period expires, making 763 million more Uber shares eligible to trade on the public market. The lockup expiration may "cause an avalanche of selling as early investors and insiders hit the bid, which remains a major Street worry around near-term pressure," said Wedbush's Dan Ives.Shake Shack

will also report quarterly earnings after the bell on Monday. SunTrust is expecting the restaurant company to report earnings per share of 19 cents, below the 21 cents per share earned in the same quarter last year. This quarter, Shake Shack transitioned from four delivery partners to just GrubHub. SunTrust said this is the primary risk to Shake Shack's recent same-store sales momentum. The firm lowered its comp sales estimate to growth of 2.5%.

The White House said in a statement the trade representatives "made progress in a variety of areas and are in the process of resolving outstanding issues."3:05 p.m. New York Fed President John Williams speaks

 

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

uber a dog. sink like a rock

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:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nissan names new finance chief, some managers to leave in latest shake-upNissan Motor Co on Friday appointed American Stephen Ma as its next chi...
Source: Reuters - 🏆 2. / 97 Read more »

Uber Credit Card review: Benefits, sign-up bonus, rewards, and more - Business InsiderThe Uber credit card looks better than ever for those who want to earn maximum rewards on your ride-share spending, but it's not necessarily a must-have for everyone else
Source: BusinessInsider - 🏆 729. / 51 Read more »