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Uber shares sink despite first profitable quarter

Por: Fox Business Business August 01, 2023

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CFRA Research equity analyst Angelo Zino unpacks Uber’s stock performance and success in the rideshare market on ‘Varney & Co.’ fell despite the company's first-ever operating profit driven by growth in ride-sharing as well as deliveries. Still, investors honed in on its revenue shortfall pushing the shares lower.  Ticker Security Last Change Change % UBER TECHNOLOGIES INC. 46.65 -2.81 -5.68% Revenue of $9.2 billion missed analysts... + full article



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