KEY TAKEAWAYSUber Technologies shares are dropping in premarket trading Thursday, as the ride-hailing giant posted weaker-than-expected gross bookings in the third quarter.The company said gross bookings rose 16% year-over-year to $41 billion in the third quarter, below estimates from Visible Alpha of $41.3 billion.Uber's top- and bottom-line results handily beat analysts' estimates, however. It posted revenue of $11.19 billion and net income of $2.6 billion for the third quarter. Uber Technologies (UBER) s ...

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Uber Technologies (UBER) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 192.68%. A quarter ago, it was expected that this ride-hailing company would post earnings of $0.31 per share when it actually produced earnings of $0.47, delivering a surprise of 51.61%.Over the last four quarte ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Uber reported third-quarter results on Thursday that beat Wall Street's expectations for revenue but missed on analysts' projections for gross bookings. Shares of the company were down more than 5% pre-market on Thursday.Here's how the company did:Earnings per share: $1.20. That may not compare to the 41 cents expected by LSEG.Revenue: $11.19 billion vs. $10.98 billion expected by LSEGUber's revenue grew 20% in its third quarter from $9.3 billion a year prior. The company reported $40.97 billion in gross bo ...

Exhibit 99.1 Uber Announces Results for Third Quarter 2024 Gross Bookings grew 16% year-over-year and 20% year-over-year on a constant currency basis Income from operations of $1.1 billion; Adjusted EBITDA of $1.7 billion, up 55% year-over-year Operating cash flow of $2.2 billion; Free cash flow of $2.1 billion SAN FRANCISCO – October 31, 2024 – Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2024. "We delivered yet another record quarter of profita ...

Key Takeaways Uber reports earnings Thursday morning, with analysts expecting a substantial rise in profits and revenue from the same time last year. Analysts are largely bullish on Uber after Tesla's robotaxi event underwhelmed, easing some concerns about competition in the ridesharing space. Jefferies called Tesla's event a "best-case outcome" for Uber, as analysts left the event with questions about the timeline of the robotaxi rollout. Uber Technologies (UBER) will report earnings for the third quarter ...

SAN FRANCISCO, Oct. 29, 2024 /PRNewswire/ -- Uber Eats (NYSE:UBER) today announced the arrival of a new initiative to expand access to more nutritious food for millions of Americans. Available now, Uber Eats is accepting SNAP (Supplemental Nutrition Assistance Program) EBT (Electronic Benefits Transfer) payments, starting with the regional grocery banners Albertsons, Safeway, Jewel-Osco and Vons as well as Walgreens locations nationwide and Duane Reade stores exclusively in New York. This move comes as part ...

Uber Technologies (UBER) is set to report third-quarter 2024 results on Oct. 31, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate for third-quarter 2024 earnings was revised upward in the past 60 days. The estimate is pegged at 41 cents per share. Additionally, the consensus mark implies a massive 310% upsurge from the year-ago actuals. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $11 billion, suggesting a ...

Uttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. ...