Investing.com - Uber Tech reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Uber Tech announced earnings per share of $-0.62 on revenue of $2.81B. Analysts polled by Investing.com anticipated EPS of $-0.61 on revenue of $3.07B.
Uber Tech shares are up 40.72% from the beginning of the year and are trading at $40.52 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Uber Tech shares lost 3.18% in after-hours trade following the report.
Uber Tech follows other major Technology sector earnings this month
Uber Tech's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.
Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
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