UBER Stock Alert: Uber Just Posted Its First-Ever Profit

Uber (NASDAQ:UBER), the ride-sharing company, posted its first annual profit as a public company. The company said it earned $1.11 billion on revenue of $32.3 billion for the year. It said its adjusted Earnings Before Income Taxes, Depreciation and Amortization (EBITDA) was up 137%.For the fourth quarter, Uber said it earned 66 cents/share on revenue of $9.94 billion, beating analyst estimates of 16 cents/share of earnings on revenue of $9.76 billion. The news wasn’t good enough for investors, who sent the ...