Uber Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

• Uber Technologies Inc UBER.N reported quarterly adjusted earnings of 83 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -31 cents. The mean expectation of thirty seven analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 37 cents to 67 cents per share.

• Revenue rose 13.8% to $11.53 billion from a year ago; analysts expected $11.62 billion.

• Uber Technologies Inc's reported EPS for the quarter was 83 cents​.

• The company reported quarterly net income of $1.78 billion.

• Uber Technologies Inc shares had risen by 17.8% this quarter and gained 42.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 46 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Uber Technologies Inc is $90.00

This summary was machine generated from LSEG data May 7 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)