Uber shares dip after mixed second-quarter results. Here’s what the pros are saying

by | Aug 1, 2023 | Financial

Market Movers rounded up the best reactions from investors and analysts on Uber . The pros, including Jim Cramer , talked about the ride-sharing company’s second-quarter results , which were released before market open Tuesday. Uber shares initially popped after the company announced it had reached two major milestones during the period: its first quarter hitting more than $1 billion in free cash flow and its first quarterly GAAP operating profit . However, Uber posted a miss on revenue, and shares closed lower by about 5.7%. Uber’s CEO Dara Khosrowshahi joined CNBC Tuesday morning to discuss the results and why CFO Nelson Chai is planning to leave the company in January 2024.

Article Attribution | Read More at Article Source

Share This