Uber Stock Rises After positive revenue!
Uber’s quarterly revenue jumped 49% in the latest quarter, beating estimates.
Shares of Uber are climbing after the ride-hailing company reported higher quarterly revenue as people spent more on rides.
The stock recently stood 3% higher in afternoon trading.
Tweet on Uber shares fluctuation
Shares of @Uber are climbing after the ride-hailing company reported higher quarterly revenue as people spent more on rides.
The stock recently stood 3% higher in afternoon trading.#uber #ridehailing pic.twitter.com/e2OUxf8QRo
— The_Journalbiz (@the_journalbiz) February 8, 2023
Factset chart on Uber
Uber said revenue for the last three months of 2022 rose 49% to $8.6 billion compared to the year-ago period. That was more than the $8.51 billion analysts expected, according to FactSet.
Uber’s adjusted earnings also beat expectations. Read more about the company’s results here.
As of Tuesday’s close, the stock is up about 41% year to date, but down about 9% from a year ago, according to FactSet.
