Uber (UBER) Tops Q2 EPS by 16c, Beats on Revenue; Offers Q3 Guidance
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Go back to Uber (UBER) Tops Q2 EPS by 16c, Beats on Revenue; Offers Q3 Guidance
August 7, 2024 5:11 AM EDT
Citi analyst Ronald Josey raised the price target on Uber Inc. (NYSE: UBER) to $98.00 (from $96.00) while maintaining a Buy rating.
The analyst comments "We emerge from Ubers 2Q24 results incrementally positive on shares. 2Q results were above expectations with GB strength from... More
August 6, 2024 7:07 AM EDT
(Updated - August 6, 2024 9:41 AM EDT)
Uber Technologies (NYSE: UBER) shares popped more than 4.5% in premarket trading Tuesday after the ride-hailing giant reported better-than-expected revenue and gross bookings for the second quarter.
Earnings per share (EPS) for Q2 came in at $0.18, notably below the consensus estimate of $0.31.
Uber posted quarterly revenue of $10.7 billion, slightly above the consensus projection of $10.57 billion.
Gross bookings... More
