UBER stock is trading higher in a red market as Uber Technologies (NYSE:UBER) reported inline first-quarter results. The company announced its quarterly results for the first time since going public at the beginning of the month. The ridesharing service reported revenue close to its preliminary estimates and topped analyst estimates.
Let’s take a closer look at Uber’s quarterly report.
Earnings ReviewThe company beat analysts’ revenue estimates of $3.04 billion to record revenue of $3.10 while matching the $1.01 net loss. The revenue reported was within the company range that was provided in the ...
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