Better than expected for Uber

» Updated: September 24 2024

» Published: August 06 2024

Better than expected for Uber
Photo: Jeff Chiu/AP/TT

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The transport company Uber Technologies performed better than expected during the second quarter, according to the company's latest report.

Revenue rose to 10.7 billion dollars, an increase of 16 percent compared to the same period last year. Analysts' expectations were at 10.6 billion dollars, according to a compilation made by Bloomberg.

The company's profit amounted to 0.47 dollars per share, which was also better than analysts' forecast.

In futures trading on Wall Street, Uber's report received a thumbs up. The stock is rising nearly 4 percent ahead of the market opening.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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