Uber shares fall amid fears of slowing US consumer demand

Uber misses revenue expectations with trips up 18% over last year

CEO Dara Khosrowshahi said that autonomous vehicle tech is "the single greatest opportunity ahead for Uber."

Uber Posts Quarterly Bookings Miss as Rideshare Growth Slows

Uber Technologies Inc. reported weaker-than-expected quarterly gross bookings and slower gains in its rideshare business, raising the possibility of a consumer pullback amid souring sentiment about the economy.

Uber shares fall amid fears of slowing US consumer demand

San Francisco company posts weaker than expected gross bookings for first quarter

Uber shares drop 4% after reporting lower-than-expected Q1 earnings

Uber's share price fell on Wednesday after the company reported first-quarter results that fell short of expectations. Investors worried that spending by US citizens could begin to weaken due to growing economic uncertainty. The transportation app reported that total bookings, which means how much users have spent on rides and deliveries, rose 14% to about $42.8 billion, slightly below estimates of $43 billion, which still disappointed some of t…

Uber records rising profits, but remains below expectations. In addition to investors, employees are also dissatisfied, because Uber tightens the office obligation.

Uber shares decline on mixed earnings results - SiliconANGLE

Shares of Uber Technologies Inc. closed 2.5% lower today after it posted mixed financial results for its first quarter. The company generated net income of $1.78 billion in the three months ended March 31, or 83 cents per share on an adjusted basis. Analysts were expecting 50 cents a share. The same time a year earlier, […] The post Uber shares decline on mixed earnings results appeared first on SiliconANGLE.