Page 174 - Uber Technologies News Today

The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.

Uber Technologies said on Tuesday Chief Financial Officer Nelson Chai will leave the ride-hailing company in January next year.

Arista Networks soars after issuing revenue guidance above forecasts, while ZoomInfo tumbles after cutting its outlook. Merck posts a narrower-than-expected...

Uber could be at the beginning of a stretch of sustained profitability.

Uber reported second-quarter revenue of $9.23 billion, missing analysts’ estimates of $9.33 billion, according to Refinitiv IBES data, as a weak freight market pinches.

Ubers cost controls ranging from layoffs to lower transaction costs and maintaining a steady headcount have helped the company maintain its target to post operating income profitability this year. At the same time, the number of rides after the pandemic is growing.

Ride-hailing and delivery platform Uber Technologies, Inc. reported Tuesday a profit for the second quarter compared to a steep loss last year, driven by a revenue growth and an unrealized gain.

Uber Technologies, Inc. (UBER) reported second-quarter net income to company of $394 million compared to a loss of $2.60 billion, prior year. Profit per share was $0.

Uber Technologies Inc. reported its first-ever operating profit, fueled by demand for rides and delivery and marking a significant milestone as the company…

Uber Technologies Inc. reported its first ever operating profit, but the shares slid as Wall Street questioned whether the company can maintain the pa...