Investing.com - Uber Tech reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Uber Tech announced earnings per share of $-1.7 on revenue of $3.54B. Analysts polled by Investing.com anticipated EPS of $-0.84 on revenue of $3.54B. That with comparison to EPS of $-2.26 on revenue of $3.1B in the same period a year before.Uber Tech had reported EPS of $-0.64 on revenue of $4.07B in the previous quarter.Analysts are expecting EPS of $-0.7 and revenue of $3.04B in the upcoming quarter.
Uber Tech shares are down 11.47% from the beginning of the year and are trading at $33.07 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Uber Tech follows other major Technology sector earnings this month
Uber Tech's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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