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Uber quarterly revenue misses estimates, sees pricing pressure easing

Reuters Thursday, 8 August 2019
Uber quarterly revenue misses estimates, sees pricing pressure easingUber Technologies Inc reported lower-than-expected revenue for the second quarter on Thursday, but followed ride-hailing rival Lyft Inc in saying that the pricing pressure is easing.
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News video: Uber posts largest quarterly loss

Uber posts largest quarterly loss 00:45

Uber Technologies Inc reported a net loss of $5.24 billion, or $4.72 per share and posted a lower-than-expected revenue for the second quarter on Thursday, sending shares down 12 percent. Jillian has more.

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