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

Market news

6 May 2021

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

Uber (UBER) reported Q1 FY 2021 loss of $0.06 per share (versus -$1.70 per share in Q1 FY 2020), being much better than analysts’ consensus estimate of -$0.55 per share.

The company’s quarterly revenues amounted to $2.900 bln (-10.7% y/y), missing analysts’ consensus estimate of $3.259 bln.

UBER fell to $49.30 (-3.67%) in pre-market trading.

AUD/USD has the 0.80-mark within its reach - Westpac

USD/CNH now forecast to trade within 6.4650-6.5020 - UOB

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