Uber forecasts strong second-quarter bookings despite Middle East woes
Orientul Mijlociu
May 6 : Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth. Shares of the San Francisco-based company rose about 9 per cent in premarket trading. The strong forecast is a sign that the company's strategy of keeping prices steady while pushing into higher-margin areas such as its platform for businesses are paying off, helping it navigate
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