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Earnings Results: Uber stock gets boost as earnings and forecast top expectations

Earnings Results

Company sees 19% bump in gross bookings for first quarter

Uber on Tuesday reported first-quarter results and a second-quarter outlook that beat expectations.

josh edelson/Agence France-Presse/Getty Images

Shares of Uber Technologies Inc. were up almost 7% Tuesday after rising as much as 10% in premarket trading, after the ride-hailing giant reported strong growth and issued an upbeat outlook for the current quarter.

Chief Executive Dara Khosrowshahi said on the company’s earnings call that Uber UBER was off to a strong start this year, with first-quarter gross bookings for trips up 40% and delivery up 8% compared with the same period last year.


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