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via seekingalpha.comBusiness & Companies

Uber beats third-quarter expectations but fourth-quarter outlook misses estimates

FROM THE WIRE · SEEKINGALPHA.COM

[Close-up of an Uber vehicle] Uber Technologies (UBER [https://seekingalpha.com/symbol/UBER]) delivered another solid quarter and enjoyed its fifth consecutive quarter of 20% or more gross bookings growth, driving up the company’s profit and sales to levels that exceeded Wall…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAn earnings outlook below estimates and planned spending weigh on the stock despite solid quarterly results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Uber exceeded Wall Street expectations for profit and sales.
  2. 02It posted its fifth consecutive quarter of at least 20% gross bookings growth.
  3. 03Fourth-quarter EPS guidance of $0.95 to $0.99 is below the $1.00 estimate.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Uber Technologies, Inc.UBERStock71.22 USD+6.93%today +6.93%Negative Lyft, Inc.LYFTStock18.34 USD+9.99%today +9.99%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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