Uber (UBER) Stock Increased 11.97%: Details

By Amit Chowdhry ● Nov 1, 2022
  • The stock price of Uber (UBER) increased by 11.97% today. This is why.

The stock price of Uber (UBER) increased by 11.97% today.

Why: Q3 results

Results: Uber reported a Q3 EPS of ($0.61), which was $0.43 lower than analyst estimates of ($0.18). And the revenue for the quarter was $8.3 billion compared to the consensus estimate of $8.12 billion.

Guidance:

For the fourth quarter, the company is anticipating gross bookings to grow 23% to 27% year-over-year on a constant currency basis with an expected 7 percentage point year-over-year currency headwind, translating to a range of $30 billion to $31 billion