Uber Technologies Q1 2024 GAAP EPS $(0.08) Misses $0.24 Estimate, Sales $10.10B Miss $10.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Uber Technologies reported Q1 2024 GAAP EPS of $(0.08), missing the $0.24 estimate, with sales of $10.10B slightly below the $10.11B estimate. This represents a 14.47% increase in sales compared to the same period last year.
May 08, 2024 | 10:57 am
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NEGATIVE IMPACT
Uber Technologies missed Q1 2024 earnings and sales estimates, with a GAAP EPS of $(0.08) and sales of $10.10B, indicating a potential short-term negative impact on its stock price.
Missing both earnings per share and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant miss on the EPS estimate, coupled with a slight miss on sales, underscores performance concerns.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100