Is Uber Technologies Stock a Buy Now?
Uber Technologies' (NYSE: UBER) stock price jumped 12% on Tuesday, Nov. 1, after the ride-hailing and delivery company posted its third-quarter results. Its revenue rose 72% year over year to $8.34 billion, which beat analysts' estimates by $220 million. It halved its net loss from $2.42 billion to $1.21 billion, or $0.61 per share, but still missed the consensus forecast by $0.43.
Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) -- excluding its stock-based compensation, divestments, and investment-related gains and losses -- improved from just $8 million a year ago to $516 million. That also represented Uber's fifth consecutive quarter of profitability on an adjusted EBITDA basis.
Image source: Uber.
Source Fool.com
