Uber Announces Results for First Quarter 2020
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May 8, 2020 5:21 AM EDT
JPMorgan analyst Doug Anmuth raised the price target on Uber Inc. (NYSE: UBER) to $38.00 (from $32.00) while maintaining a Overweight rating.
The analyst comments "Uber is the global leader in two secular growth industries, ridesharing and food delivery, and is leveraging its massive scale... More
May 7, 2020 4:08 PM EDT
Uber (NYSE: UBER) reported Q1 EPS of ($2.26), which may not compare to the analyst estimate of ($0.83). Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.51 billion.
Gross Bookings grew to $15.8 billion, up 8% year-over-year, or 10% on a constant currency basis, with Rides declining 3% and Eats growing 54% year-over-year, respectively, on a constant currency basis.Revenue growth of 14% year-over-year, or 16% on a constant currency basis.Adjusted Net Revenue (ANR) growth year-over-year of 18%, or 19% on a constant currency basis. Adjusted Net Revenue and segment Adjusted Net Revenue excludes the impact of COVID-19...
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