Uber Tech Earnings Miss, Revenue Beats In Q1
2022.05.04 15:29
Uber Tech Earnings Miss, Revenue Beats In Q1
Investing.com – Uber (NYSE:UBER) Tech reported on Wednesday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Uber Tech announced earnings per share of $-3.04 on revenue of $6.9B. Analysts polled by Investing.com anticipated EPS of $-0.2718 on revenue of $6.08B.
Uber Tech shares are down 36.12% from the beginning of the year, still down 46.14% from its 52 week high of $54.72 set on May 4, 2021. They are under-performing the Nasdaq which is down 19.69% from the start of the year.
Uber Tech shares lost 0.14% in pre-market trade following the report.
Uber Tech follows other major Industrials sector earnings this month
Uber Tech’s report follows an earnings beat by United Parcel Service on April 26, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
