Uber Technologies: Uber projects quarterly bookings below estimates hurt by strong dollar

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Uber Technologies forecast current-quarter bookings below Wall Street estimates on Wednesday, joining a slew of US companies in warning thata strong dollar could hurt the first three months of 2025, sending its shares down about 3% in premarket trading. Meanwhile, the San Francisco-based company beat fourth-quarter revenue estimates, as more people used the ride-hailing platform for office commutes and its delivery business benefited from strong holiday-season demand.

Already the dominant ride-hailing service in North America, Uber has been trying to…



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Uber Technologies: Uber projects quarterly bookings below estimates hurt by strong dollar


Uber Technologies forecast current-quarter bookings below Wall Street estimates on Wednesday, joining a slew of US companies in warning thata strong dollar could hurt the first three months of 2025, sending its shares down about 3% in premarket trading. Meanwhile, the San Francisco-based company beat fourth-quarter revenue estimates, as more people used the ride-hailing platform for office commutes and its delivery business benefited from strong holiday-season demand.

Already the dominant ride-hailing service in North America, Uber has been trying to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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