Uber (UBER) Q3 Revenues Beat
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November 5, 2021 8:01 AM EDT
Stifel analyst Scott Devitt lowered the price target on Uber Inc. (NYSE: UBER) to $55.00 (from $58.00) while maintaining a Buy rating.
The analyst commented, "Uber reported 3Q results with top-line revenue exceeding both our and Street estimates by approximately +8% and +10%, respectively. Gross... More
November 5, 2021 6:35 AM EDT
Uber (NYSE: UBER) reported mixed Q3 results to see its shares initially dip lower before recovering in pre-open Friday.
Uber reported Q3 EPS of ($0.62) to miss on the analyst estimate of ($0.34). Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.43 billion. On an adjusted basis, Uber reported an EBITDA of +$8 million to finally hit its profitability target.
Our early and decisive investments in driver growth are still paying dividends, with drivers steadily returning to the platform, leading to further improvement in the consumer experience. This is... More
