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Uber misses on riders, beats revenue estimates as lockup expiry looms

Reuters Monday, 4 November 2019 ()
Uber Technologies Inc on Monday missed Wall Street estimates for monthly active users for its ride-hailing platform, even as it posted better-than-expected quarterly revenue, sending shares down 5% in extended trading.
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News video: How To Approach Uber Shares

How To Approach Uber Shares 02:14

Uber posted a quarter that beat on the top and bottom lines on Monday afternoon, but investors and analysts chose to focus on some different numbers. But is the selling over? Although the stock was down sharply 8.59% to $28.41 on Tuesday, the pressure on the stock may not necessarily abate in the...

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