DoorDash (DASH) late Wednesday delivered a second-quarter revenue beat amid order momentum, while th
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One forecast overshadowed an otherwise impressive operating quarter
Uber aims to deploy robotaxis in 28 cities in the long term and has committed to over $10 billion of capital over the coming years to scale autonomous vehicles.
Lucid shares are down 40% this year.
Uber Technologies Inc (UBER) reports 22% gross bookings growth and surpasses $10 billion in trailing free cash flow, while navigating competitive pressures and scaling its AV strategy.
Uber is investing aggressively in robotaxis.
Uber's multiyear autonomous-vehicle commitment accompanied a third-quarter profit forecast below Wall Street expectations.
Uber Shares Sink After Earnings. A Softer Profit Forecast Is Spooking Investor
Uber Technologies' (UBER) shares fell Wednesday after the ride-hailing company's second-quarter reve
Rivian Automotive (NasdaqGS:RIVN) CEO flagged Chinese electric vehicle makers as a major competitive threat due to lower cost structures and access to government-backed capital. The CEO outlined how these non market advantages could pressure Western EV manufacturers on pricing and margins. Rivian also updated investors on its partnership with Uber, targeting deployment of autonomous robotaxis in urban areas by 2028. The company framed the Uber collaboration as a key pillar in its longer term...
Amazon-owned Zoox is about to start scaling its robotaxi service after federal regulators last week cleared it to charge for rides in its driverless vehicles with no steering wheel or other human controls.
Shares of Uber Technologies fell 6% in midday trading Wednesday after the ride-hailing company issued a softer-than-expected outlook for the current quarter. Uber reported quarterly revenue of $14.19 billion, up 12% from a year earlier amid an increase in both rides and deliveries. For the current quarter, Uber forecast adjusted earnings of 84 cents to 88 cents a share, compared with analyst expectations of 87 cents a share.
Uber reported second-quarter results on Wednesday that beat on bookings and profit, but shares fell as the ride-hailing giant's bookings guidance missed analyst projections. Uber says its robotaxi push is still well underway, with investments set to grow.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) shares fell about 6% in early trading Wednesday after the ride-hailing company issued a third quarter outlook that fell short of some Wall Street expectations, overshadowing better-than-expected gross bookings and adjusted EBITDA in the second...
Uber Technologies (NYSE:UBER) traded lower in pre-market trading on Wednesday after issuing third-quarter earnings guidance that came in below Wall Street expectations, despite reporting solid second-quarter operating performance. The weaker outlook overshadowed stronger-than-expected gross bookings during the latest quarter and renewed investor focus on the company’s investment plans.
Strong bookings were overshadowed by a softer third-quarter outlook.
The headline numbers for Uber (UBER) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Self-driving Ubers will be picking up passengers in London within weeks after Transport for London (TfL) awarded them a licence.
Uber (UBER) delivered earnings and revenue surprises of +40.96% and -0.13%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
8.30am: ADP jobs softens US private-sector hiring slowed to 44,000 jobs in July from 98,000 in June, missing the 65,000 forecast and pointing to cooling labour demand. The softer reading could give the Federal Reserve more scope to cut rates, weighing on Treasury yields and the dollar...
Uber stock fell after its Q2 results missed estimates for revenue and its growth forecast came up short of prior expectations.