Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019.
Spencer Platt | Getty Images
Uber just reported second quarter results including revenue that beat analysts’ expectations but declined by about 29% from $3.17 billion during the same period last year. The stock dipped more than 2% in after-hours trading.
Here’s how the ride-hailing and food delivery company did versus what Wall Street expected:
- Losses: $1.02 per share vs. 86 cents per share (adj.) expected, according to a consensus of analysts surveyed by Refinitiv.
- Revenue: $2.24 billon vs. $2.18 billion, as per Refinitiv.
Here’s how the business units…