Uber Climbs 7% Despite Soft Profit Outlook as Delivery Strength Shines; Lyft Jumps 11%, DoorDash Gains 7%
4 Articles
4 Articles
Uber Delivery Accelerates as Rides Growth Slows
Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in the rides business wasn't too concerning and how Uber can continue to compete in grocery delivery even after a tie-up between rivals DoorDash and Instacart. He speaks with Carol Massar on "Bloomberg Tech." (Sou…
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BizTocUber Climbs 7% Despite Soft Profit Outlook as Delivery Strength Shines; Lyft Jumps 11%, DoorDash Gains 7%
A strong delivery quarter at Uber Technologies (NYSE:UBER) is lifting the whole ride-hailing and delivery group. Uber shares are trading at $71.43 this morning, up 7%. The company posted its Q3 2026 earnings ahead of the open on November 4. Lyft (NASDAQ:LYFT) stock is at $18.56, up 11%, the biggest gain in the group. Meanwhile, […]
Middle East conflict cuts Uber profit forecast, but shares still climb. Uber reported better-than-expected third-quarter results. But the company warned that rising costs and the Middle East conflict would squeeze its fourth-quarter profit. Uber, US stock market, Stock market, Investing, Stock, Cars, vehicles.
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