Categories AlphaGraphs, Earnings, LATEST

Uber stock tumbles after missing Q2 results

Shares of Uber Technologies (NYSE: UBER) plunged more than 10% immediately after the company reported second quarter 2019 results. The ridesharing firm reported a loss of $4.72 per share on revenue of $3.17 billion. The market had expected Uber to report a loss of $3.20 per share on revenue of $3.39 billion for the recently ended quarter. Rival Lyft (NASDAQ: LYFT) reported better-than-expected Q2 results yesterday and lifted fiscal 2019 outlook.

Uber Technologies (UBER) stock tumbles after missing Q2 estimates

Gross bookings surged 31% to $15.76 billion in the second quarter, while Core Platform gross bookings soared 30% to $15.57 billion. Monthly active platform consumers (MAPCs) increased 30% to 99 million, while trips in the quarter jumped 36% to 1.68 billion.

Total costs and expenses in 2Q increased to $8.65 billion from $3.51 billion in the prior-year quarter. As expected, the excess driver incentives increased year-over-year in the second quarter. The company had spent $263 million for excess driver incentives versus $163 million in the second quarter of 2018.

“Our platform strategy continues to deliver strong results, with Trips up 35% and Gross Bookings up 37% in constant currency, compared to the second quarter of last year,” said CEO Dara Khosrowshahi.

“In July, the Uber platform reached over 100 million Monthly Active Platform Consumers for the first time, as we become a more and more integral part of everyday life in cities around the world,” he added.

Since becoming a public company in May, Uber had closed above its IPO price of $45 in just two trading days. Shares of Uber ended up 8.24% at $42.97 today as the company got a lift from the stronger-than-expected Q2 results announced by its rival Lyft yesterday evening.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Comments

  1. Pingback: Leandro Farland
  2. Pingback: Reba Fleurantin
  3. Pingback: valentine pillow
  4. Pingback: calming
  5. Pingback: valentine pillow
  6. Pingback: Click Here
  7. Pingback: Click Here
  8. Pingback: Click Here
  9. Pingback: Click Here
  10. Pingback: Click Here
  11. Pingback: Click Here
  12. Pingback: Click Here
  13. Pingback: Click Here
  14. Pingback: Click Here
  15. Pingback: Click Here
  16. Pingback: Click Here
  17. Pingback: Click Here
  18. Pingback: Click Here
  19. Pingback: Click Here
  20. Pingback: Click Here
  21. Pingback: Click Here
  22. Pingback: Click Here
  23. Pingback: Click Here
  24. Pingback: Click Here
  25. Pingback: Click Here
  26. Pingback: Click Here
  27. Pingback: Click Here
  28. Pingback: Click Here
  29. Pingback: Click Here
  30. Pingback: Click Here
  31. Pingback: Click Here
  32. Pingback: Click Here
  33. Pingback: Click Here
  34. Pingback: Click Here
  35. Pingback: Click Here
  36. Pingback: Click Here
  37. Pingback: Click Here
  38. Pingback: Click Here
  39. Pingback: Click Here
  40. Pingback: Click Here
  41. Pingback: Click Here
  42. Pingback: Click Here
  43. Pingback: Click Here
  44. Pingback: Click Here
  45. Pingback: Click Here
  46. Pingback: Click Here
  47. Pingback: Click Here
  48. Pingback: Click Here
  49. Pingback: Click Here
  50. Pingback: Click Here
  51. Pingback: Click Here
  52. Pingback: Click Here
  53. Pingback: Click Here
  54. Pingback: Click Here
  55. Pingback: Click Here
  56. Pingback: Click Here
  57. Pingback: Click Here
  58. Pingback: Click Here
  59. Pingback: Click Here
  60. Pingback: Click Here
  61. Pingback: Click Here
  62. Pingback: Click Here
  63. Pingback: Click Here
  64. Pingback: Click Here
  65. Pingback: Click Here
  66. Pingback: Click Here
  67. Pingback: Click Here
  68. Pingback: Click Here
  69. Pingback: Click Here
  70. Pingback: Click Here
  71. Pingback: Click Here
  72. Pingback: Click Here
  73. Pingback: Click Here
  74. Pingback: Click Here
  75. Pingback: best-domain-broker
  76. Pingback: start a business
  77. Pingback: 2023 Books
  78. Pingback: burial place
  79. Pingback: dead people
  80. Pingback: IRA Empire
  81. Pingback: Chirurgie Tunisie
  82. Pingback: Accounting courses
  83. Pingback: fue
  84. Pingback: البحث
  85. Pingback: Code of Conduct
  86. Pingback: Changing World
  87. Pingback: charity
  88. Pingback: Pharmacy's Diploma
  89. Pingback: butterfly haltère
  90. Pingback: glucotrust
  91. Pingback: Fiverr Earn
  92. Pingback: Fiverr Earn
  93. Pingback: Fiverr Earn
  94. Pingback: Fiverr Earn
  95. Pingback: fiverrearn.com
  96. Pingback: fiverrearn.com
  97. Pingback: cortexi
  98. Pingback: fiverrearn.com
  99. Pingback: grey frenchie
  100. Pingback: jute rugs
  101. Pingback: SEO in Jordan
  102. Pingback: greek life jewelry
  103. Pingback: clima hoy new york
  104. Pingback: future university
  105. Pingback: future university
  106. Pingback: Fiverr.Com
  107. Pingback: grey bulldog
  108. Pingback: french bulldog
  109. Pingback: Warranty
  110. Pingback: Piano storage
  111. Pingback: FUE
  112. Pingback: FUE
  113. Pingback: FUE
  114. Pingback: FiverrEarn
  115. Pingback: FiverrEarn
  116. Pingback: pupuk
  117. Pingback: partners
  118. Pingback: foliprime reviews
  119. Pingback: Governance
  120. Pingback: FiverrEarn
  121. Pingback: live sex cams
  122. Pingback: FiverrEarn
  123. Pingback: FiverrEarn
  124. Pingback: FiverrEarn
  125. Pingback: FiverrEarn
  126. Pingback: FiverrEarn
  127. Pingback: Farm
  128. Pingback: dictionary
  129. Pingback: Slot Thailand
  130. Pingback: FiverrEarn
  131. Pingback: cheap sex cams
  132. Pingback: fullersears.com
  133. Pingback: live sex cams
  134. Pingback: rare breed-trigger
  135. Pingback: 늑대닷컴
  136. Pingback: One Peace AMV
  137. Pingback: allgame
  138. Pingback: 918kiss
  139. Pingback: หวย24
  140. Pingback: Cleansing skincare
  141. Pingback: pg slot
  142. Pingback: carte uno reverse
  143. Pingback: cybersécurité
  144. Pingback: 300 win mag ammo
  145. Pingback: contratar sicario
  146. Pingback: itme.xyz
  147. Pingback: masumintl.com
  148. Pingback: MasumINTL.Com
  149. Pingback: Bulk URL Shortener
  150. Pingback: FB URL Shortener
  151. Pingback: ItMe.Xyz
  152. Pingback: itme.xyz
  153. Pingback: ItMe.Xyz
  154. Pingback: ItMe.Xyz
  155. Pingback: itme.xyz

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top