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Stock impact report

Uber reports first-quarter results that beat expectations for revenue, but posts net loss [CNBC]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: CNBC
Shares fell more than 6% in premarket trading Wednesday. Here's how the company did: Loss per share: 32 cents. That may not compare with the 23 cent earnings expected by LSEG Revenue: $10.13 billion vs. $10.11 billion expected by LSEG Uber's revenue grew 15% in its first quarter from $8.82 billion a year prior. The company reported $37.65 billion in gross bookings for the period, which is short of the $37.93 billion expected by analysts, according to StreetAccount. The company's net loss widened to $654 million, or a 32 cent loss per share, from a loss of $157 million, or an 8 cent loss per share, in the same quarter last year. Uber said its net loss includes a $721 million net headwind from unrealized losses related to the reevaluation of its equity investments. In an interview with CNBC's “ Squawk Box ” on Wednesday, Uber CEO Dara Khosrowshahi said the company's move to a loss had “nothing to do with the operating business.” “We did have to mark down those equity Show less Read more
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