Despite missing Wall Street's revenue expectations, shares of Uber rose more than 4% after the ride-hailing giant offered rosy guidance for the third quarter.
second-quarter revenue of $954.6 million, exceeding the FactSet consensus estimate of $909.7 million. Per-share adjusted earnings came in at $0.99, higher than the forecasted $0.72 per share. CEO Herve Hoppenot cited double-digit growth in Jakafi , a treatment for blood cancer.
— Shares of the ride-hailing giant rose more than 2% in premarket trading after the company reported second-quarter results that missed analysts' expectations for revenue but offered rosy guidance for the third quarter. CEO Dara Khosrowshahi said the company achieved two major milestones during the quarter: its first quarter of free cash flow over $1 billion and its first GAAP operating profit.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lattice Semiconductor and Rambus shares fall after results, and other stocks on the moveArista Networks, Uber Technologies, Lattice Semiconductor and Rambus are among the stocks in the spotlight.
Read more »
Caterpillar reports big profit and revenue beats on higher volume and prices, but stock pulls backCaterpillar Inc. reported Tuesday second-quarter earnings that beat expectations by a wide margin, due to higher sales volume, higher pricing and improved...
Read more »
India's accelerating growth can fill the global commodity demand gap left by a slowing ChinaIndia can make up for some of the commodity demand gap left by China given the latter's slowing economic growth, ANZ projects.
Read more »
Migration through Panama's perilous Darien Gap hits all-time highThe number of people crossing the treacherous Darien Gap linking Panama and Colombia hit an all-time high in the first seven months of the year, figures released on Monday showed, with July seeing a sharp jump despite recent efforts to curb the trend.
Read more »
Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Gap, Target, PayPal, Coinbase & moreHere are Tuesday's biggest calls on Wall Street.
Read more »
Digital Currency Group Appoints Mark Shifke as Chief Financial OfficerJUST IN: DCGco has hired Mark Shifke as chief financial officer, filling the gap left when former CFO Michael Kraines stepped down in April. IanAllison123 reports
Read more »