Uber Stock Tanks After Earnings Reports

Uber Stock Tanks After Earnings Reports

On Thursday, Uber reported second-quarter earnings that widely missed Wall Street expectations.br Business Insider reports that Uber lost $4.72 per share on revenues of $3.17 billion.br Uber suffered $5.24 billion overall loss.br Some of Uber's massive loss was because of stock-based compensation from its initial public offering earlier this year.br The stock was down as much as 12, or $5.33, in after-hours trading.


User: Entertainment (now)

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Uploaded: 2019-08-10

Duration: 00:33

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