Uber Applied sciences, Inc. (NYSE: UBER) on Thursday reported a wider internet loss for the September quarter when the ride-hailing agency’s revenues elevated 72%. The highest-line beat estimates, whereas the underside line missed.
For the third quarter of 2021, Uber reported a internet lack of $2.42 billion or $1.28 per share, in comparison with a lack of $1.1 billion or $0.62 per share within the year-ago interval. The newest quantity missed Wall Road’s projection.
There was a 72% improve in third-quarter revenues to $4.85 billion, which additionally got here in above the consensus forecast.
Learn administration/analysts’ feedback on Uber’s Q3 2021 earnings
This week, Uber’s inventory traded broadly on the ranges seen at the start of the yr. The inventory dropped throughout prolonged buying and selling on Thursday, after closing the common session decrease.