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Uber Shares Rise, Analysts Largely Positive After First Quarterly Print

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Posted on : 28 Mar 2024 09 : 53 : 01 pm

By : positive.communication@gmail.com

Uber Shares Rise, Analysts Largely Positive After First Quarterly Print

Sell-side analysts and investors remained generally positive on Uber Technologies, Inc. UBER 0.3% after the newly public ride-hailing company’s first-quarter earnings report, which was broadly in line with expectations, missing slightly on earnings but with a revenue beat. Of particular interest was the degree to which Uber is interested in moving beyond its core business, with efforts to boost its restaurant food delivery service and its foray into autonomous cars.