Uber Technologies Profit Drops in Second Quarter

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Summary · why it matters

Uber Technologies reported a drop in profit for the second quarter. The company's earnings totaled $1.355 billion, or $0.63 per share, compared with $2.394 billion, or $1.17 per share, in the same period last year. Excluding items, adjusted earnings were $1.266 billion, or $0.60 per share. Revenue fell 10.9% to $12.651 billion from $14.191 billion a year earlier. Uber issued next-quarter EPS guidance of $0.84 to $0.88.

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Uber Technologies Inc
UBER
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Profit dropped and revenue fell 10.9% in Q2, with lower EPS guidance for next quarter.