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Shares of Uber popped 7% Tuesday after the company reported first-quarter results that beat analysts’ expectations for revenue.
Here’s how the company did:
- Loss per share: 8 cent loss vs 9 cent loss expected by analysts, according to Refinitiv.
- Revenue: $8.82 billion vs. $8.72 billion expected by analysts, according to Refinitiv.
Revenue for the quarter was up 29% from the same quarter last year.
Uber reported a net loss of $157 million, or 8 cents per share, compared to a net loss of $5.9 billion, or $3.03 per share, last year.
In a prepared statement, CEO Dara Khosrowshahi said Uber is off to a “strong start” for the year. He said the company’s global scale also provides it with a…
Source cnbc.com
