< Back to 68k.news US front page

Uber Could Be Profitable in the Third Quarter. The Stock Rides Sharply Higher.

Original source (on modern site)

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/uber-stock-third-quarter-profitability-outlook-51632224001

Updated Sept. 21, 2021 12:19 pm ET / Original Sept. 21, 2021 7:33 am ET

Shares of Uber Technologies were rising sharply Tuesday after the app-based ride-share and delivery company said it could turn a profit in the third quarter.

In an 8-K filing posted Tuesday, Uber (ticker: UBER) said adjusted earnings before interest, taxes and depreciation could range from a loss of $25 million to a profit of $25 million, better than previous guidance "of a loss of $100 million." The company cited "improvements in both mobility and delivery."

Gross...

< Back to 68k.news US front page