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