Tension rises between booking growth and profit outlook ahead of Uber's Q3 earnings release
UBER Uber Technologies Inc
$71.17 +3.76%
View chart & analysis → - 1Uber has achieved a gross booking growth rate of over 20% for four consecutive quarters.
- 2Uber previously recorded more than $10 billion in free cash flow.
- 3Uber's Q3 EPS guidance of $0.84-$0.88 is lower than the market expectation of $0.90 per share.
So what's the key point?
Uber grew its booking volume by more than 20 percent and generated significant cash. However, there is tension because profit for this quarter is expected to be lower than what experts predicted.
Source Earnings Whispers · View original ↗
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