Uber Technologies, Inc. (NYSE: UBER) on Thursday reported a wider net loss for the September quarter when the ride-hailing firm’s revenues increased 72%. The top-line beat estimates, while the bottom line missed.
For the third quarter of 2021, Uber reported a net loss of $2.42 billion or $1.28 per share, compared to a loss of $1.1 billion or $0.62 per share in the year-ago period. The latest number missed Wall Street’s projection.
There was a 72% increase in third-quarter revenues to $4.85 billion, which also came in above the consensus forecast.
This week, Uber’s stock traded broadly at the levels seen at the beginning of the year. The stock dropped during extended trading on Thursday, after closing the regular session lower.
Stocks you may like:
Food companies have performed better than most other sectors during the pandemic as government restrictions forced people to cook at home. Investors, in general, find the stocks of such companies
Shares of Beyond Meat Inc. (NASDAQ: BYND) gained 20% on Friday, recovering from the beating it took following the disappointing first quarter 2022 earnings report it delivered earlier this week.
Solar panel manufacturer JinkoSolar Holdings Co. (NYSE: JKS) has reported a sharp increase in first-quarter revenues, reflecting higher production and shipment of modules. Meanwhile, the company's net profit declined year-over-year. Net