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Uber: Q1 Earnings Snapshot

By Ap News - May 08, 2024, 07:06 AM ET
Last Updated - May 08, 2024, 07:06 AM EDT
Uber: Q1 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Uber Technologies Inc. (UBER) on Wednesday reported a loss of $654 million in its first quarter.

The San Francisco-based company said it had a loss of 32 cents per share.

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The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The ride-hailing company posted revenue of $10.13 billion in the period, exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $10.08 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBER at https://www.zacks.com/ap/UBER

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