Page 52 - Uber Technologies News Today

International Business News: Read the latest news about Lyft's stock surge of 67% due to a 'clerical error' in the company's outlook for profitability. Find out how the mistake overshadowed an otherwise strong earnings report and bookings projections. Learn more about Lyft's market share compared to Uber.

Stock futures were pointing higher after Tuesday's inflation data-induced selloff, Kraft Heinz's sales fell short of expectations, while Cisco reports after the closing bell. Lyft went on a wild ride after its earnings report and Uber announced a $7 billion stock buyback. Here’s what investors need to know today.

Stocks are clawing back some of their sharp losses from the day before, as conditions calm a bit on Wall Street. The S&P 500 was 0.5% higher Wednesday. It had

(Bloomberg) -- It was, without a doubt, a strong earnings report.Most Read from BloombergMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillStanChart Weighs Break Up of Corporate, Investment BankThe Brutal Reality of Plunging Office Values Is HerePutin Seeks Revenge on a World Order He Once Wanted to JoinRetail Traders Are Losing Billions in India’s Booming Options MarketLyft Inc. projected adjusted earnings as much as 11% higher than analysts’ estimates, and reported...

Uber Technologies Inc.’s stock jumped 5.6% premarket Wednesday, after the ride-sharing company announced its first-ever share-buyback program with its board...

"Today's authorization of our first-ever share repurchase program is a vote of confidence in the company's strong financial momentum," Uber CFO Prashanth Mahendra-Rajah said. Over the next three years Uber expects gross bookings growth in the mid to high teens percentage and adjusted core profit growth in the high 30s to 40%. Free cash flow as a percentage of adjusted earnings before interest, taxes, depreciation, and amortization is expected to be 90% or higher annually, the...

By Will Feuer Shares of Uber Technologies rose in premarket trading after the ride-share company said its board has authorized its first-ever share...

Uber Technologies said on Wednesday (Feb 14) it would buy back up to US$7 billion worth of company shares for the first time ever following a strong recovery in ride-share and healthy demand at its food delivery business. The company's shares rose nearly 6 per cent to US$72.95 in trading before the bell.

Ride-hailing app Lyft said fourth-quarter gross bookings grew 17% year over year, while revenue rose 4%.

Lyfts stock surged 67 percent but later corrected after misstated margin prediction due to clerical error; Lyft expects adjusted EBITDA to range between $50 million and $55 million in Q1.