Uber Zooms Nearly 7% Higher on Q3 Results
With a big ballot-initiative victory in the rear-view mirror, Uber Technologies (NYSE: UBER) stock accelerated on Friday, just after the company unveiled its latest quarterly results.
Uber's revenue slumped by 18% year over year in the third quarter to $3.13 billion, on gross bookings that declined by 10% to $14.75 billion. Its GAAP net loss narrowed by 6% to $1.09 billion, or $0.62 per share.
Image source: Uber Technologies.
Source Fool.com
