Uber Announces Results for First Quarter 2020
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Uber Inc. (UBER) PT Raised to $38 at JPMorgan
May 8, 2020 5:21 AM EDTJPMorgan 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
Uber (UBER) Misses Q1 EPS, Revs
May 7, 2020 4:08 PM EDTUber (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... More