Should You Buy the Post-Earnings Dip in Uber With ETFs?

The ride-hailing company Uber (UBER) stock fell about 5.7% on May 8, 2024 following the release of first-quarter results. Revenue met estimates while gross bookings fell short. Uber’s net loss widened to $654 million from $157 million in the same quarter last year due to revaluations of Uber's investments.Uber Technologies came up with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of $0.21. This compares to loss of $0.08 per share a year ago. Total revenues of $10,131 million beat ...