Uber Technologies Inc. (NYSE:UBER) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Dara Khosrowshahi - Chief Executive Officer Prashanth Mahendra-Rajah - Chief Financial Officer Deepa Subramanian - Vice President, Investor Relations Conference Call Participants Brian Nowak - Morgan Stanley Doug Anmuth - JP Morgan Eric Sheridan - Goldman Sachs Justin Post - Bank of America Nikhil Devnani - Bernstein John Colatuoni - Jefferies Ross Sandler - Barclays Mark Mahaney - Evercore Ope ...

Uber (NYSE:UBER) stock is rallying higher after the company reported much stronger-than-expected EPS for the second quarter. The firm's Q2 revenue came in slightly above analysts' average estimate, while the midpoint of its Q3 adjusted earnings range was also slightly higher than analysts' mean outlook. Importantly, the company's top and bottom lines, along with its usage metrics, also increased by large amounts last quarter. UBER Stock and Strong Q2 Results Uber reported EPS of 47 cents for the period, wel ...

Uber topped second-quarter Wall Street estimates for revenue and profit on Tuesday, bolstered by a high demand for rides as employees returned to in-office work at near pre-pandemic levels. Revenue jumped 16% to $10.70 billion, above LSEG analysts' expectations of $10.57 billion. Gross bookings spiked 19% to $39.95 billion, beating LSEG analysts' expectations of $39.68 billion. Uber posted second-quarter revenue and profit that topped analysts' expectations on Tuesday as employees have been returning to ino ...

Uber Technologies (UBER) reported $10.7 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 15.9%. EPS of $0.47 for the same period compares to $0.18 a year ago. The reported revenue represents a surprise of +1.34% over the Zacks Consensus Estimate of $10.56 billion. With the consensus EPS estimate being $0.31, the EPS surprise was +51.61%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Key Takeaways Uber shares jumped Tuesday after the company's second-quarter earnings came in well above analysts' expectations. Gross bookings rose 19% year-over-year, while profits more than doubled to $1.02 billion. JPMorgan analysts said Uber's stock buyback plan that started during Q2 should "ramp" over the next several quarters. Uber (UBER) stock jumped Tuesday as the ridesharing giant's second-quarter earnings beat analysts' estimates as gross bookings grew 19% year-over-year. The company reported a 1 ...

Uber Technologies (UBER) came out 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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 51.61%. A quarter ago, it was expected that this ridehailing company would post earnings of $0.21 per share when it actually produced a loss of $0.32, delivering a surprise of -252.38%. Over the last four quarte ...

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Uber reported strong second-quarter results, with gross bookings and net profit both up by a decent margin. But the company instead chose to highlight the success of its autonomous vehicle effort — likely to assuage investors concerned about incoming competition from Tesla, which aims to reveal its first robotaxi in October. Uber said in its second-quarter results statement that the number of trips performed by autonomous vehicles rose 6x from a year earlier – up from what the company didn't say. And, the f ...

Uber announced on Tuesday its ad business had hit a $1 billion annual run rate. Launched in 2022, Uber Ads offers formats on apps, emails, cartops, and in-car tablets. Uber Ads sees further growth potential in areas such as programmatic, measurement, and playable ads. Insider Today NSIDER TODAY Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your fa ...

Ride-hailing and food-delivery service Uber Technologies (NYSE:UBER) hasn't rewarded its investors with stellar returns this year, but don't fret. 2024 isn't even close to being finished yet, and an important piece of news from California should convince the skeptics to buy Uber stock today. The Uber share price zoomed up to $80 several times this year before pulling back. That's frustrating, but patience will pay off in the end. So, I invite you to ride it out and hold your Uber shares even if the road may ...