Uber: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2023, 07:09 AM ET
Last Updated - Aug 01, 2023, 07:09 AM EDT
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Uber Technologies Inc. (UBER) on Tuesday reported second-quarter profit of $394 million.
On a per-share basis, the San Francisco-based company said it had profit of 18 cents.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The ride-hailing company posted revenue of $9.23 billion in the period, which did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $9.32 billion.
