- Company News: Uber (UBER) posts smaller-than-expected quarterly loss
Market news
5 November 2019
Company News: Uber (UBER) posts smaller-than-expected quarterly loss
Uber (UBER) reported Q3 FY 2019 loss of $0.68 per share, better than analysts’ consensus estimate of -$0.84.
The company’s quarterly revenues amounted to $3.813 bln (+29.5% y/y), beating analysts’ consensus estimate of $3.685 bln.
The company also raised FY 2019 adj. EBITDA guidance by $250 mln to ($2.9)-($2.8) bln.
UBER fell to $29.13 (-6.27%) in pre-market trading.
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