Uber Is Keeping Investors In The Dark About The Rest Of The Year
Uber left out some key forecasts in its first-quarter earnings report, and that could limit the stock's rally, an equity analyst said Friday.
The company did not offer investors formal guidance into its second-quarter and full-year sales and earnings figures in its first public quarterly report as a public company.
It's common for public companies to give forward guidance, so it's worth noting when such figures are excluded.
It was not immediately clear why the company did not provide a forecast.
Uber's smaller and recently public rival, Lyft, offered forward guidance in its first public quarterly report last month.