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by winston » Wed Aug 03, 2022 2:01 pm
Uber Eats revenue grew 25% from a year ago.
Both the US and international are growing at a rate of 40 plus percent.
Partnership between Amazon.com Inc. and Grubhub to offer food-delivery for Prime subscribers.
by winston » Wed Aug 03, 2022 3:42 pm
Uber on Tuesday reported a net loss of US$2.6 billion for second quarter of 2022, of which US$1.7 billion was related to its equity investments, including its Zomato stake.
Backed by China's Ant Group, the company made a stellar debut on July 23, 2021 on the Mumbai stock market, but its shares have lost more than 50% of their value since then
by winston » Tue Aug 23, 2022 2:03 pm
Needham analyst Bernie McTernan reiterated a Buy on Uber Technologies, Inc (NYSE: UBER) with a price target of $52.
In his 12th Mobility Tracker, wait times and pricing increased over the past month but held mainly onto the significant improvements that started in July.
McTernan foresees the company's Mobility business benefiting from its Uber Pass subscription.
by behappyalways » Sat Sep 17, 2022 5:52 pm
by winston » Wed Sep 28, 2022 6:10 pm
by winston » Thu Sep 29, 2022 7:54 am
by behappyalways » Thu Oct 13, 2022 4:34 pm
by winston » Tue Nov 01, 2022 9:46 pm
Uber reported a loss per share of $0.61, a big miss compared to the analyst estimate that called for a $0.18 loss.
The company blamed a net loss on the pre-tax $512 million net headwind from “unrealized losses related to the revaluations of Uber’s equity investments.”
Revenue for the quarter came in at $8.3 billion versus the consensus estimate of $8.12 billion.
Gross bookings grew 26% to $29.12 billion YoY, again missing the $29.63 billion consensus.
For this quarter, Uber said it expected the adjusted EBITDA to come in between $600 million and $630 million, beating the Bloomberg-compiled consensus of $564.4 million.
by winston » Tue Nov 01, 2022 9:51 pm
The company forecast fourth-quarter adjusted EBITDA, a profitability metric keenly watched by investors, between $600 million and $630 million. Analysts were expecting $569.39 million, according to Refinitiv data.
Gross bookings, or the total dollar value from its services, is expected to grow between 23% and 27% compared to a 26% rise in the quarter ended Sept. 30.
Revenue rose 72% to $8.34 billion and adjusted profit was $516 million, both beating estimates. However, quarterly loss came in at $1.2 billion, mainly due to equity investments.
by winston » Wed Nov 02, 2022 6:04 am
For Uber’s part, the company delivered a top-line beat and beat on adjusted earnings, while its “net loss narrowed 50% from last year to $1.21 billion.”
Despite today’s gain — and the fact that Uber shares are up 30% from last month’s low — Uber stock remains below the October high and below a key resistance point.
The bulls will want to see if the stock can stay above the 200-day moving average and the October high at $29.70.
If it can, the 50-week moving average stays in play, along with today’s high at $31.
Above $31 — and particularly with a close above it — and the door opens to the third-quarter high from September at $34.33. That would again put the stock up against a test of the 50% retracement.
On the downside, failure to hold the 200-day moving average puts the gap-fill in play at $27.73. Below that and the stock price could face serious risk on a close below $26.30.
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