Uber Q3 2019 earnings


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…

Source cnbc.com

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