Investing.com - Uber Tech reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Uber Tech announced earnings per share of $-1.02 on revenue of $2.24B. Analysts polled by Investing.com anticipated EPS of $-0.8 on revenue of $2.09B.
Uber Tech shares are up 16.71% from the beginning of the year and are trading at $33.57 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Uber Tech shares lost 3.28% in after-hours trade the report.
Uber Tech follows other major Technology sector earnings this month
Uber Tech's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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