Uber shares hit reverse after its earnings
Uber, all-sessions, in reverse gear and is now tracking lower. The ride company’s CEO says mobility pricing has been relatively flat YoY.
Uber forecast quarterly core profit and gross bookings above estimates amid solid demand for food deliveries.
(AI Video Summary)
Uber announces earnings, much stock activity
Uber recently announced that it had a great quarter and expects to continue making money in the future. They said that both their ride-sharing and food delivery services are doing really well. They also mentioned that more people are staying with Uber as customers. All of this information is reflected in the stock market, where Uber's stock looked like it might change direction. At around noon, the stock price went down a lot.
Current Uber shares performance
Uber's business has been doing really well, especially during the holiday season. People have been using their ride-sharing and food delivery services a lot, which means that Uber is making a lot of money. The company also said that they have made a profit for four years in a row, which shows that they are able to consistently make money. They also talked about how they have been getting better at keeping customers happy with their service. They have an online platform called Uber Chart where users can see how well the company is doing.
If we look at the stock market, we see some signs that Uber's stock might change direction. In the past hour, there was a symbol that could mean the stock will start moving in a different way, but we need more information to know for sure. We can also see that the stock price went down a lot at around noon. It's not clear how these events will affect Uber in the future.
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