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Uber Says It Can "Weather This Crisis"

TheMotleyFool

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Shares of ride-hailing specialists Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) skyrocketed today after Uber hosted a conference call with analysts in an effort to reassure investors that the company would be able to withstand the novel coronavirus pandemic that is destroying much of the travel industry. Last year, Uber set a goal to reach adjusted EBITDA profitability for 2021, and the company this week warned that the commentary it provided was not to be considered a formal update to its guidance "due to the fluidity of the situation."

Here's what Uber management had to say this morning.

Image source: Uber.

Source Fool.com

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