Market Overview

Uber Reports Mixed Q2 Earnings, Bookings Down 35% YoY

Share:
Uber Reports Mixed Q2 Earnings, Bookings Down 35% YoY

Uber Technologies (NYSE: UBER) reported quarterly losses of $1.02 per share on Thursday, which missed the analyst consensus estimate by 16 cents. This is a 74.69% increase over losses of $4.03 per share from the same period last year.

The company reported quarterly sales of $2.24 billion, which beat the analyst consensus estimate of $2.18 billion by 2.8%. This is a 29.22% decrease over sales of $3.17 billion in the same period last year.

Uber reported second-quarter bookings declined to $10.2 billion, down 35% year-on-year.

After closing higher by 4.5%, Uber's stock traded down 4.2% to $33.23 in Thursday's after-hours session The stock has a 52-week high of $43 and a 52-week low of $13.71.

Related Links:

Former Google, Uber Self-Driving Engineer Sentenced To 18 Months In Prison, Seeks $4.1B In Earnouts

Mike Khouw's Uber Trade Ahead Of Earnings

 

Related Articles (UBER)

View Comments and Join the Discussion!

Posted-In: Earnings News After-Hours Center Best of Benzinga