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 ...

Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Uber reported second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about 4% in pre-market trading. Here's how the company did for the period ending June 30, compared to analysts' estimates: Earnings per share: 47 cents vs. earnings of 31 cents expected by LSEG Revenue: $10.7 billion vs. $10.57 billion expected by LSEG Revenue increa ...

Uber Technologies (UBER) , a leading ride-hailing company, is set to report second-quarter 2024 results on Aug 6, before market open. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 31 cents per share and $10.6 billion, respectively. The earnings estimate for the to-be-reported quarter has remained stable over the past 60 days. The bottom-line projection indicates year-over-year growth of 72.2%. The Zacks Consensus Estimate for quarterly revenues suggests a y ...

In its upcoming report, Uber Technologies (UBER) is predicted by Wall Street analysts to post quarterly earnings of $0.31 per share, reflecting an increase of 72.2% compared to the same period last year. Revenues are forecasted to be $10.56 billion, representing a year-over-year increase of 14.4%. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial project ...

In the competitive environment of the gig economy, Uber Technologies Inc. (UBER, Financial) has succeeded in capturing market share through brand presence, expanding operations in new geographies and was added to the S&P 500 Index. The company generated positive net income for the first time in 2023, though that was due to its unrealized gain position in its Aurora investment. Diversification into various product lines has allowed Uber to generate multiple revenue streams. However, it faces critical challen ...