Uber Q3 Earnings: Is Autonomous Driving A Risk?

Surprise surprise. We’ve got another set of disappointing Q3 tech earnings. 

The latest culprit? Uber.

The ride hailing platform saw its stock crater nearly 11% by midday on Thursday, following the company releasing guidance that suggests that momentum may be slowing in the company’s growth, with the guidance failing to meet analyst expectations.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

7 Junior Mining Stocks Our Viewers Asked Us to Review

This Copper Discovery Has 4X the Grade of Other Mines | Power Metallic – Lion MRE

Molybdenum Is Up 68% This Year. Nobody’s Talking About It. | EraNova PEA

Recommended

Mercado Minerals Signs LOI for La Franca, Adding 750 Metres of Undrilled Vein at Zamora

Goliath Hits Visible Gold In Bonanza Zone Step-Outs, Drills 9.12 g/t Gold Equivalent Over 11.27 Metres

Related News

Uber Adjusts (For Investors)

Last week, this space covered a first quarter earnings report from Uber Inc. (NYSE: UBER)...

Wednesday, May 18, 2022, 01:30:00 PM

Uber to Shut Down Drizly Three Years After Acquisition

Uber (NYSE: UBER) is set to shut down its alcohol delivery app, Drizly, marking the...

Tuesday, January 16, 2024, 02:18:00 PM

Ride-Hailing Falling: Uber, Lyft Plummet After Reporting Disappointing Q1 2022 Financials

Lyft, Inc. (Nasdaq: LYFT) released on Tuesday its Q1 2022 financials while Uber Technologies, Inc....

Wednesday, May 4, 2022, 12:21:00 PM

Uber’s Trucking Division to Acquire Shipping Software Company Transplace

Uber Freight, Uber’s separate freight division, has announced Thursday that it will be acquiring Transplace,...

Thursday, July 22, 2021, 02:04:16 PM

Uber: Analysts Expect Q1 Net Income To Approach Negative $1 Billion

Uber (NYSE: UBER) will be reporting its first quarter financial results today after market close....

Wednesday, May 5, 2021, 02:44:00 PM