Uber falls after weak profit
Photo: Richard Drew AP/TT

Uber falls after weak profit forecast, shares down 6 percent in futures trading

Shares in American company Uber Technologies fell sharply, down 6 percent in futures trading on Wall Street after an unexpectedly weak profit forecast.

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The company, which specializes in taxi and transportation services, flags in the report plans for further investments in driverless vehicle technology, a project that has already devoured hundreds of millions of dollars from the company's budget.

Adjusted earnings per share are expected to be 65-72 cents per share for the current quarter. This is lower than the average analyst estimate of 77 cents per share.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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