Markets

Uber surges after saying it will be profitable a year earlier than expected

Uber reported quarterly earnings Thursday that exceeded Wall Street’s expectations. Shares surged as much as 9% in early trading Friday. Uber also announced that it will reach profitability this year, earlier than its previous goal of reaching profitability on an Ebitda-adjusted basis in 2021. Watch Uber trade live on Markets […]
Uber surges after saying it will be profitable a year earlier than expected
Markets

‘One of our favourite stocks in 2020’: Uber reports earnings today after market close. Here’s what 4 Wall Street analysts are talking about.

Uber reports fiscal fourth-quarter 2019 earnings results after the close of trading Thursday. Despite less-than-stellar stock performance since its May 2019 IPO, Wall Street is overwhelmingly bullish on Uber. Here’s what four Wall Street analysts are saying about Uber ahead of its earnings release. Watch Uber trade live on Markets […]
‘One of our favourite stocks in 2020’: Uber reports earnings today after market close. Here’s what 4 Wall Street analysts are talking about.
Markets

Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.

Uber reports third-quarter results after market close on Monday, November 4. After Lyft’s rosy results, Wall Street is expecting that Uber will have a similarly strong quarter as the competitive landscape cools for both ride-sharing companies Still, analysts caution investors that Uber’s post-initial public offering lockup period expires November 6, […]
Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.
News

Here are the biggest risks Uber’s facing, according to Wall Street analysts

Uber’s stock price fell more than 6% in trading Friday as investors digested a less-than-stellar second-quarter earnings report. The company lost $US5.2 billion in the three-month period. Things could get worse, too, Wall Street analysts warn. Here’s what they’re worried about. Visit Business Insider’s homepage for more stories. Uber just […]
Here are the biggest risks Uber’s facing, according to Wall Street analysts
Tech

Uber lost $5.2 billion in 3 months. Here’s where all that money went.

Uber posted a $US5.2 billion loss on Thursday, its largest ever, sending shares plummeting. A major chunk of that loss was a consequence of two things: stock-based compensation and driver rewards, both stemming from the company’s initial public offering in May. Other major costs for Uber include research and development, […]
Uber lost $5.2 billion in 3 months. Here’s where all that money went.