Uber stock dips despite strong Q3 earnings with Wall Street wanting more
Uber (UBER) reported strong third quarter results before the bell on Tuesday, but investors likely wanted more, sending the stock lower in pre-market trade. The results follow a wave of deals Uber has made in the autonomous space. Uber reported Q3 revenue of $13.47 billion vs $13.26 billion estimated per Bloomberg consensus, a 21% jump from a year ago. Uber posted earnings per share (EPS) of $1.20 vs $0.70, with adjusted EBITDA coming in at $2.3 billion vs $2.27 billion, up 33%. Net income jumped to $6.6 ...