The company is riding high after delivering a "double beat" on second-quarter results. One of this week's brighter lights on the stock exchange has been Uber Technologies (UBER 5.29%), which reported estimates-busting numbers before market open on Monday. Despite that performance, one analyst reduced his price target on the ridesharing company after those figures hit the headlines. He still feels the company's shares are a buy, however, and he might just be correct. Putting on the brakes As the market was s ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Uber Technologies (UBER) reported strong second-quarter 2024 results on Aug 6, before the opening bell. The leading ride-hailing company not only reported better-than-expected earnings per share and revenues but returned to profitability after posting a loss in first-quarter 2024. Adding to the optimism, second-quarter 2024 revenues increased 16%, year over year, which marked the fastest pace in five quarters. The strong earnings report naturally pleased investors, with the stock of this San Francisco-based ...

Uber Technologies' (UBER) second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 10.9% on Tuesday. The company came up with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.18 per share a year ago. Uber, which belongs to the Zacks Internet - Services industry, posted revenues of $10.7 billion for the quarter ended June 2024, s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.00001 per share UBER New York Stock Exchange FORM 10-Q ____________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION ...

In late July, California's top state court upheld Proposition 22, a voter-approved measure allowing app-based services such as Uber, Lyft, Grubhub and DoorDash to classify drivers in the most populous U.S. state as independent contractors rather than employees. The California Supreme Court ruling was a major victory for the ride-hailing industry, which for cost and other reasons, has a vested interest in classifying gig workers as independents. While only applicable in California, labor law experts expect m ...

On Tuesday, Uber Technologies UBER reported its second quarter results that surpassed Wall Street estimates. In addition, Uber recorded a sixfold increase in autonomous rides through its collaborations with 10 partners that span across different segments. Back in July, Uber expanded its partnership list that already included Instacart CART with an EV star set to beat the mighty Tesla Inc TSLA in BEV sales this year, BYD Company Limited BYDDY. BYD already dethroned Tesla when it comes to total production las ...

Uber Technologies (UBER) reported second-quarter 2024 earnings of 47 cents per share, which outpaced the Zacks Consensus Estimate of 31 cents and improved more than 100% on a year-over-year basis. Total revenues of $10.700 billion beat the Zacks Consensus Estimate of $10.558 billion. The top line jumped 16% year over year on a reported basis and 17% on a constant currency basis. In the second quarter, the majority (57.3%) of the company's revenues came from Mobility. Revenues from this segment jumped 25% ye ...

Uber marked a milestone in the second quarter, with 7.4 million monthly drivers and couriers globally, per the company's earnings report released Tuesday (Aug. 6). The company's focus on expanding its service offerings and strategic partnerships has been key to its success. In recent developments, Uber has introduced several new services, including Uber Caregiver, scheduled UberX Share rides, and Uber Shuttle, as announced at the firm's annual GO-GET event in May. These additions have contributed to an incr ...

Uber Technologies Today UBER Uber Technologies $63.50 +5.02 (+8.58%) 52-Week Range $40.09 ▼ $82.14 P/E Ratio 102.42 Price Target $86.76 Add to Watchlist Uber Technologies Inc. NYSE: UBER has delivered strong second-quarter 2024 results, surpassing Uber's analyst community's expectations for revenue and earnings. Uber's financial performance was driven by robust growth across its core business segments, and Uber's earnings beat has fueled investor confidence and propelled the company's stock price upward. Bu ...