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

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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."


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