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Uber Puts Aside Revenue Miss With A Long-Awaited Milestone And Rosy Guidance

Uber Technologies (NYSE: UBER) saw its shares rise 1% in premarket today despite a second quarter revenue miss. Besides achieving two long-awaited financial milestones during the quarter, Uber offered a rosy guidance that compensated for missing revenue expectations. Second Quarter Highlights For the quarter that ended on June 30th, Uber generated sales of $9.23 billion, coming in below the expected $9.33 billion. Revenue rose 14% YoY and brought a net income of $394 million, or 18 cents per sha ....

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Uber to cut costs, slow down hiring: Report

The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce. ....

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