Reported 1 day ago
Uber Technologies' shares fell over 5% after reporting a lower-than-expected bookings forecast for Q1 and a profit miss for Q4, despite beating revenue estimates. The company attributed the miss to a strong dollar and increasing costs, even as adjusted EBITDA rose by over 40%. Rival Lyft is intensifying competition by offering attractive pricing, while Uber aims to enhance its market position in the self-driving taxi sector.
Source: YAHOO