Reason why Uber Technologies (UBER) could be a good buy

Paid press release content from Wall Street PR. The StreetInsider.com news staff was not involved in its creation.

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/23/2026

1. WMT
2. ROST
3. AAP
4. NVDA
5. SPY
6. BABA
7. AVGO
8. SPCX
9. BJ
10. NTES

August 2, 2022 8:05 PM EDT
Uber Technologies Inc (NYSE: UBER) shares closed the day at $29.25 up 18% for the day. Uber shares surged after the ride-sharing app reported its quarterly results. The company just posted a big second-quarter loss but beat expectations on revenue. Uber also posted $382 million in free cash flow for the first time. Shares closed nearly 19% higher. UBER doubled quarterly revenue, improved its financial performance and said high inflation was causing more people to drive for the platform to help offset rising household costs.
Signup for our web push notification to get news delivered straight to your mobile devices and desktops.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.

The post Reason why Uber Technologies (UBER) could be a good buy appeared first on Wall Street PR.

comtex tracking

COMTEX_411455507/2771/2022-08-02T20:04:40


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Press Releases, Wall Street PR