Why Uber Stock Jumped Nearly 10% Today

Shares of Uber Technologies (NYSE: UBER) popped 9.7% on Friday, following the release of its fourth-quarter results and subsequent conference call.

The ridesharing giant saw revenue surge 37% year over year to $4.1 billion, which was in line with Wall Street's estimates. 

Uber continues to invest heavily in its growth initiatives, such as its Uber Eats food-delivery business. This resulted in a larger net loss of $1.1 billion, compared to $887 million in the year-ago quarter. However, Uber's net loss per share of $0.64 was smaller than analysts' expectations for a loss of $0.68 per share. 

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Source Fool.com