How Should You Play UBER Stock Following Q2 Earnings Beat?

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 ...