Uber pops 10% as company issues higher-than-expected bookings guidance
Orientul Mijlociu
Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts' expectations. The stock climbed 10% following the earnings release. Here's how the company did versus Wall Street's expectations, according to estimates compiled by LSEG: Uber said its net income took a $1.5 billion hit due to the revaluation of equity investments. On a non-GAAP basis, earnings per share came to 72 cents, the
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