The ride-hailing company reports better-than-expected earnings and gross bookings in the first quarter.
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(Bloomberg) -- Uber Technologies Inc. provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weigh
Avis Budget Group (CAR) reported a first-quarter earnings per share (EPS) loss of $8.01, significantly deeper than the consensus estimate. While the headline loss suggests a business retreat, a singular operational metric of 70% vehicle utilization reveals a fundamental pivot in the company's capital strategy.
Both Uber and Lyft are expected to report their next set of quarterly results soon. But are analysts' revisions bearish or bullish?
Shares of on-demand food delivery service DoorDash (NASDAQ:DASH) jumped 3.9% in the afternoon session after the company announced an expansion of its partnership with Lyft into Canada and a significant grocery expansion in the country.