Company News: Uber (UBER) reports bigger-than-expected quarterly loss

Market news

7 August 2020

Company News: Uber (UBER) reports bigger-than-expected quarterly loss

Uber (UBER) reported Q2 FY 2020 loss of $1.02 per share (versus -$4.72 per share in Q2 FY 2019), worse than analysts’ consensus estimate of -$0.88 per share.

The company’s quarterly revenues amounted to $2.241 bln (-29.2% y/y), beating analysts’ consensus estimate of $2.181 bln.

UBER fell to $33.28 (-4.12%) in pre-market trading.

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