Uber disappoints with weaker-than-expected third-quarter bookings and earnings forecast
Uber issued earnings forecast that fell short of consensus estimates while second-quarter profit was in line with expectations.
On Wednesday, the company’s shares plummeted about 3.5% after the release.
According to LSEG, Uber sees bookings of $59.25 billion at the middle of its range and that is below the average Street Account estimate of $59.33 billion. The........
