Uber

Uber Technologies, Inc. (NYSE:UBER)  ‘s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 42 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Uber Technologies (NYSE:UBER) Swings to Q2 Net Income, Revenue Rises; Q3 Guidance Issued

/ / Consumer Discretionary /

Uber Technologies (NYSE:UBER) reported Q2 net income  of $0.18 per diluted share, swinging from a loss of $1.33 a year earlier. Analysts polled by Capital IQ expected a per-share loss of $0.01. Revenue for the quarter ended June 30 was $9.23 billion, up from $8.07 billion a year earlier. Analysts surveyed by Capital IQ projected $9.34 billion. The ride-hailing company said it expects Q3 gross bookings of $34 billion to $35 billion. Adjusted earnings before interest, taxes, depreciation and amortization for the quarter are expected to range between $975 million and $1.03 billion, the company said.

Uber Technologies (NYSE:UBER) Swings to Q2 Net Income, Revenue Rises; Q3 Guidance Issued Read Post »

Deutsche Bank raised Uber (NYSE:UBER) price target to $44 from $42

/ / Consumer Discretionary / ,

Deutsche Bank analyst Benjamin Black raised Uber’s price target to $44 from $42 and maintained a “buy” rating. The analyst also raised Lyft’s price target to $12 from $11 and maintained a “hold” rating. An appeals court in California overturned a lower court’s ruling on March 13, local time, finding that Uber and Lyft had the right to treat their drivers as independent contractors.

Deutsche Bank raised Uber (NYSE:UBER) price target to $44 from $42 Read Post »

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