Uber share buybacks looking likely - analyst

Analysts at Wedbush see a high likelihood of Uber Technologies Inc (NYSE:UBER) announcing a round of share buybacks after a confident fourth quarter. Uber reported robust fourth-quarter results, exceeding consensus estimates with gross bookings of $37.6 billion (a 22.2% year-over-year increase) and adjusted EBITDA safely above estimates. Growth was driven by an 80% increase in non-UberX mobility products and a $7 billion run rate in grocery/retail delivery bookings, showing a 40% year-over-year increase. Ub ...