Shares initially gained in after-hours trading before dipping more than 4.5%.
Here’s how Uber did versus expectations:
- Loss: 6 cents vs. 54 cents expected, according to a consensus of analysts surveyed by Refinitiv.
- Revenue: $2.90 billion vs. $3.29 billion expected per Refinitiv.
It’s difficult for investors to compare year-over-year numbers from the company, as the Covid-19 pandemic began to take hold a year ago and severely restricted travel. However, ride-hailing companies are beginning to bounce back from their pandemic lows as coronavirus vaccines roll out and…