Investor Strategy

Uber Tech Earnings Miss, Revenue Inline In Q1

imageStock Markets3 hours ago (May 07, 2020 04:52PM ET)

(C) Reuters. Uber Tech Earnings Miss, Revenue Inline In Q1 – Uber (NYSE:UBER) Tech reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that was inline with expectations.

Uber Tech announced earnings per share of $-1.7 on revenue of $3.54B. Analysts polled by anticipated EPS of $-0.84 on revenue of $3.54B. That with comparison to EPS of $-2.26 on revenue of $3.1B in the same period a year before. Uber Tech had reported EPS of $-0.64 on revenue of $4.07B in the previous quarter. Analysts are expecting EPS of $-0.7 and revenue of $3.04B in the upcoming quarter.

Uber Tech shares are down 11.47% from the beginning of the year , still down 34.30% from its 52 week high of $47.08 set on June 28, 2019. They are under-performing the EUR/USD which is down 0% year to date.

Uber Tech’s report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.

Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.

Stay up-to-date on all of the upcoming earnings reports by visiting’s earnings calendar

Uber Tech Earnings Miss, Revenue Inline In Q1

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