Uber Stock Is Up 8% Today. What's Going On?
UBERUber(UBER) Investor Place·2024-08-06 23:12

Uber (NYSE:UBER) stock is rallying higher after the company reported much stronger-than-expected EPS for the second quarter. The firm’s Q2 revenue came in slightly above analysts’ average estimate, while the midpoint of its Q3 adjusted earnings range was also slightly higher than analysts’ mean outlook.Importantly, the company’s top and bottom lines, along with its usage metrics, also increased by large amounts last quarter.UBER Stock and Strong Q2 ResultsUber reported EPS of 47 cents for the period, well a ...