Uber earnings miss weighed by delivery growth potential

about 1 month ago

Unnamed Speaker

"Yeah let's talk about Uber. We also got results for that company today. So ticker UB shares not doing too well either. They're down 7%. um it was a miss on third quarter operating income 1.1 billion versus 1.62 estimates uh and their adjusted earnings forecast also falling short of forecasts. The silver lining though is that their quarterly growth was the strongest since late 2023 and customers ordered more rides and deliveries than expected. So JP Morgan pointing out that the delivery category is potentially a silver lining for them as well."

Uber's earnings missed expectations with operating income lower than estimates, leading to a 7% drop. However, the company's strong quarterly growth and robust performance in the delivery segment provide a potential upside catalyst.

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