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