Categories AlphaGraphs, Earnings, Technology
Earnings: Uber unexpectedly swings to Q4 profit; revenues up 83%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported net profit for the December quarter, compared to a loss in the prior-year period. The bottom line benefited from an 83% growth in revenues.
For the fourth quarter of 2021, the company reported a net income of $892 million or $0.44 per share, compared to a loss of $968 million or $0.54 per share in the year-ago period. The latest number beat Wall Street’s projection.
There was an 83% increase in fourth-quarter revenues to $5.8 billion, which also came in above the consensus forecast.
Read management/analysts’ comments on Uber’s Q4 2021 earnings
Uber’s shares have lost 8% since the beginning of the year. The stock made strong gains during extended trading on Wednesday, after closing the regular session higher.
Prior Performance
Most Popular
Verizon Communications (VZ) Q1 2024 Earnings: Key financials and quarterly highlights
Verizon Communications Inc. (NYSE: VZ) reported first quarter 2024 earnings results today. Total operating revenue was $33 billion, up 0.2% from the same period last year. Net income attributable to
NextTrip stands out as one of the most descriptive names in travel sector: CEO
NextTrip, Inc. (NASDAQ: NTRP) is a technology-driven travel agency that offers travel booking and interactive travel media solutions. The online platform allows travelers to book accommodation and transportation services including
What to look for when American Airlines (AAL) reports Q1 2024 earnings results
Shares of American Airlines Group Inc. (NASDAQ: AAL) rose 1% on Friday. The stock has gained over 3% over the past three months. The airline is scheduled to report its first
