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Uber on Tuesday morning reported third quarter earnings of 10 cents per share on sales of $9.29 billion. Uber stock is down slightly in pre-market trading following the report, which topped earnings expectations but was short of views on revenue.
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For the third quarter ending Sept. 30, analysts expected Uber to post earnings of 7 cents per share on sales of $9.54 billion, according to FactSet. Some other estimates had called for 12 cents.
In the same quarter last year, Uber lost 61 cents per share on $8.34 billion in revenue.
On the stock market today, Uber stock is down less than 1% in recent early trading. Yesterday, Uber stock closed at 48.14, up less than 1% on the day.
For the current fourth quarter, Uber project gross bookings of $36.5 billion to $37.5 billion. Analysts were estimating $36.52 billion, according to FactSet.
Overall, Uber shares have gained just under 90% this year, compared to a roughly 13% gain for the S&P 500.
Uber has been closing in on a 49.19 double-bottom buy point, rising for seven straight sessions. Shares gapped above their 50-day line on Nov. 2, following strong results from DoorDash (DASH), which competes with Uber Eats.
More to come.
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