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.

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Source Fool.com