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

Share via:


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.

admin
admin
Hi! This is Admin.

Popular

More Like this

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

admin
admin
Hi! This is Admin.

More like this

Supertails Mulls Acquisition Of Blue 7 Vets

SUMMARY Blue 7 Vets’ acquisition will help Supertails to...

Deepinder Goyal: Former Zomato COO Surobhi Das teams up...

Deepinder Goyal is learnt to have invested $20...

Lansbury Investments and Max Estates Partner to Launch Antara...

Gurgaon (Haryana) , March 19: Lansbury Investments has...

Popular

Upcoming Events

Zeno Health Launches 50-Minute Medicine Delivery

SUMMARY The company will integrate its retail stores and...

Google, Nvidia partner to apply AI in robotics, drug...

Google is working with graphics processing unit (GPU)...
ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC