Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$10.1 billion$9.94 billion$8.82 billionDiluted Earnings / (Loss) per Share22 cents66 cents(8 cents)Net Income / (Loss)$477.2 million$1.43 billion($157 million) Key Metrics: Bookings, Monthly Active Users In addition to record revenue, analysts also expect Uber to post record gross booking numbers across its Mobility business, which encompasses the ridesharing portion of the business, and the Deliveries segment, which includes the Uber Eats delivery app, a ...

Uber is reportedly facing a $312 million lawsuit from drivers of London’s black cabs.That suit, according to a Bloomberg news report Thursday (May 2), was filed by more than 10,800 cabbies and accuses the tech giant’s ride hailing operation of operating in Great Britain’s largest city illegally. The cab drivers allege that Uber’s license to operate in London was obtained improperly, and that the company intended to gain market share illegally, taking business away from black cab drivers if necessary.“Uber k ...

Uber faces a multimillion-pound lawsuit from London's black cab drivers in a revival of the longstanding dispute over the operation of the ride-hailing app in the UK capital.The action, which will be filed in the High Court on Thursday, alleges that Uber improperly obtained a licence from Transport for London in 2012 and therefore took business away from other drivers unlawfully. The value of the claim is estimated at a minimum of £250m, with each of the 10,500 black cab drivers potentially eligible for com ...

The market expects Uber Technologies (UBER) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

Uber for Business has designed a new tool to make it easier for executive assistants (EAs) to arrange corporate travel. The company’s new delegate profiles enable EAs to manage ground transportation for executives on their behalf, Uber for Business said in a Wednesday (April 24) press release.With a delegate profile, EAs can request on-demand premium rides or reserve trips in advance for executives with a few clicks, see the cost upfront, and gain real-time trip visibility and communication so they can moni ...

Uber and Klarna have joined forces to offer users new ways to pay for rides and deliveries.The collaboration, announced Wednesday (April 24), lets users in the U.S., Germany and Klarna’s home country Sweden use Klarna’s Pay Now option to cover the cost of their next ride immediately and in-full with a single click, while tracking purchases in the Klarna app. In addition, Klarna said in a news release, customers in Germany and Sweden can use Klarna’s monthly payment option. This lets them bundle purchases in ...

In this articleUBERThe Swedish "buy now, pay later" pioneer said Tuesday that its new design would help users find the items they want by using more advanced AI recommendation algorithms, while merchants will be able to target customers more effectively.Rafael Henrique | SOPA Images | LightRocket via Getty ImagesKlarna on Wednesday announced a global partnership with Uber to power payments for the ride-hailing giant's Uber and Uber Eats apps.The partnership will see the Swedish financial technology firm add ...

The latest trading session saw Uber Technologies (UBER) ending at $68.98, denoting a -0.32% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.87%. Meanwhile, the Dow experienced a rise of 0.67%, and the technology-dominated Nasdaq saw an increase of 1.11%.The the stock of ride-hailing company has fallen by 13.75% in the past month, lagging the Computer and Technology sector's loss of 5.98% and the S&P 500's loss of 3.97%.Investors will be eagerly watching for the perform ...

SAN FRANCISCO, April 22, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, today announced the closing of its underwritten public offering of 10,000,000 shares of common stock at a price to the public of $4.00 per share, for aggregate gross proceeds of $40 million, prior to deducting underwriting discounts and offering expenses. The offering included the participation of one of Serve's largest stockholders and strategic partners, Postmates, ...

Uber Technologies (UBER) has been on a downward spiral lately with significant selling pressure. After declining 13.8% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a s ...