Uber on Tuesday exceeded Wall Street expectations with its second-quarter results. Before the market opened, the stock increased by almost 4%.
Here is the performance of the company vs analyst estimates for the June 30th period:
Revenue: $10.7 billion as opposed to LSEG’s projected $10.57 billion.
Earnings per share: 47 cents as opposed to LSEG’s predicted 31 cents. As stated in a press release, Uber’s revenue rose by 16% from $9.23 billion to this year.
With $20.6 billion in gross sales, the company’s mobility unit recorded a 23% growth.
Revenue reservations increased 16% to $18.1 billion in the delivery segment and were unchanged at $1.27 billion in the goods segment.
CEO Dara Khosrowshahi has stated that, based on expected ongoing increase in, the company expects roughly 20% growth for the second quarter.
Source (CNBC)
