Why Uber Stock Took A Hit Despite A Q3 Earnings Beat

Published 4 days ago Positive
Why Uber Stock Took A Hit Despite A Q3 Earnings Beat
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Uber Technologies stock slid Tuesday, despite the ride-hailing and food-delivery company delivering third-quarter results that beat expectations. Shares had rallied 60% year-to-date heading into Uber's report, which analysts noted left a few items for investors to debate. In results published early Tuesday morning, Uber said it earned $3.11 per share for the September-ended quarter, well ahead of the 69 cents per share that analysts polled by FactSet were forecasting.

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