UPDATE: Uber Technologies Q2 Adj. EPS $0.02 Beats $(0.01) Estimate, Sales $9.23B Miss $9.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Uber Technologies reported Q2 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.01) by 300 percent, a 104.26 percent increase over losses of $(0.47) per share from the same period last year. However, the company's quarterly sales of $9.23 billion missed the analyst consensus estimate of $9.32 billion by 0.97 percent, a 14.33 percent increase over sales of $8.07 billion the same period last year.
August 01, 2023 | 11:32 am
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NEUTRAL IMPACT
Uber's Q2 earnings exceeded expectations but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
Uber's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates, which could be a concern for investors. This mixed result could lead to uncertainty in the market, impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100