Uber announced quarterly results Monday that beat analyst estimates on the top and bottom lines for its third quarter of 2019. But the stock fell as much about 5% after the company reported over $1 billion in net losses.
Here are the key numbers:
- Loss per share: 68 cents vs. 81 cents expected, according to Refinitiv estimates
- Revenue: $3.81 billion vs. $3.69 billion expected, according to Refinitiv
Uber reported a net loss of $1.16 billion for the quarter, topping its $986 million loss during the same quarter last year. The loss includes $401 million in stock-based compensation. In an interview with CNBC’s Deirdre Bosa Monday, Khosrowshahi said the company is targeting adjusted EBITDA…