Uber Tech announced earnings per share of $0.44 on revenue of $5.78B. Analysts polled by Investing.com anticipated EPS of $-0.3036 on revenue of $5.36B.
Uber Tech shares are down 4% from the beginning of the year, still down 37.25% from its 52 week high of $64.05 set on February 11, 2021. They are broadly in line with the S&P 500 which is down 3.77% from the start of the year.
Uber Tech shares gained 6.94% in after-hours trade following the report.
Uber Tech’s report follows an earnings beat by United Parcel Service on February 1, who reported EPS of $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.1 on revenue of $27.06B.
Union Pacific had beat expectations on January 20 with fourth quarter EPS of $2.66 on revenue of $5.73B, compared to forecast for EPS of $2.6 on revenue of $5.59B.
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