Uber notches huge earnings beat, but stock falls after results

Uber Technologies Inc. UBER, +2.15% logged a sizable earnings beat for the latest quarter and delivered an upbeat outlook for the current one, but its stock was dropping about 1% in Wednesday’s premarket activity. The company recorded fourth-quarter net income of $1.4 billion, or 66 cents a share, compared with $595 million, or 29 cents a share, in the year-before period. The FactSet consensus was for 16 cents a share in earnings. Uber’s revenue rose to $9.9 billion from $8.6 billion, while the FactSet con ...