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0.00183920126116659 0.00919600630583293 0.0386232264844981 0.04834471886495 0.0746190225959011 0.0775091960063059 0.0627955859169732 0.0614818707304255
Stock impact report

Uber revenue misses estimates despite easing price war, shares tumble [Reuters]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Reuters
Uber revenue misses estimates despite easing price war, shares tumble - Reuters 3 Min Read (Reuters) - Uber Technologies Inc ( UBER.N ) reported lower-than-expected revenue for the second quarter on Thursday, sending shares down 12% as the largest U.S. ride-hailing company failed to show expected benefits of easing price competition. Uber’s net loss also widened to $5.24 billion, or $4.72 per share, in the quarter ended June 30 from $878 million, or $2.01 per share, a year earlier, reflecting $3.9 billion of stock-based compensation expenses related to its IPO earlier this year. Chief Executive Officer Dara Khosrowshahi said in a press call the competitive environment is starting to rationalize and it has been “progressively improving” since the first quarter. Smaller rival Lyft Inc ( LYFT.O ) said on Wednesday pricing had become “more rational”, meaning the company should spend less on promotions and incentives to win market share. It raised its revenue outlook on Wednesday. Lyft Show less Read more
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