Company News: Uber (UBER) quarterly results miss analysts’ estimates

Market news

9 August 2019

Company News: Uber (UBER) quarterly results miss analysts’ estimates

Uber (UBER) reported Q2 FY 2019 loss of $4.72 per share (versus -$2.01 in Q2 FY 2018), worse than analysts’ consensus estimate of -$3.19.

The company’s quarterly revenues amounted to $3.166 bln (+14.4% y/y), missing analysts’ consensus estimate of $3.389 bln.

UBER fell to $39.52 (-8.03%) in pre-market trading.

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U.S. PPI inflation likely to come in at 0.2% in July – TD Securities

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