Company News: Uber (UBER) posts slightly-smaller-than-forecast quarterly loss

Market news

11 February 2021

Company News: Uber (UBER) posts slightly-smaller-than-forecast quarterly loss

Uber (UBER) reported Q4 FY 2020 loss of $0.54 per share (versus -$0.64 per share in Q4 FY 2019), slightly better than analysts’ consensus estimate of -$0.55 per share.

The company’s quarterly revenues amounted to $3.165 bln (-15.5% y/y), missing analysts’ consensus estimate of $3.559 bln.

The company also said it remains on track to turn EBITDA positive in 2021.

UBER fell to $60.70 (-3.93%) in pre-market trading.

GBP/USD to push higher towards the 1.4000 level - Westpac

USD: Patiently accommodative - ING

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