Why Investors Should Take UBER Stock for a Ride After Earnings
UBERUber(UBER) Investor Place·2024-08-09 19:38

Riding-sharing leader Uber Technologies (NYSE:UBER) returned to profitability in the second quarter, easily beating Wall Street’s top and bottom line estimates on Tuesday. Even during Monday’s market meltdown and the yo-yo ride the stock market has been on afterward, Uber stock has remained strong. Shares are up 12% since Friday’s close and will likely continue heading higher, even if we’re heading for a recession.Driving Forward to ProfitabilityUber reported 17% year-over-year currency-adjusted revenue gro ...