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

Tungsten Went 6X. I Went to See the Deposit Time Forgot | DD-on-the-GO! – Rackla Metals Inc

The World’s Largest Undeveloped Gold Project Nears a Deal | Rudi Fronk – Seabridge Gold

One of the World’s Biggest Copper Mines Could Reopen Just to Shut Down | First Quantum

Recommended

First Majestic Produces 3.4 Million Ounces of Silver in Q3 2026, Jerritt Canyon Restart Remains on Track

Altamira Gold Drills 134 Metres of 0.5 g/t Gold at Maria Bonita, Hole Ends in Mineralization

Related News

Uber: Consensus Q2 Estimates Point To $3.74 Billion In Revenue

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

Wednesday, August 4, 2021, 02:02:00 PM

Uber Partners With Hertz For Tesla Rental Program For Drivers

And the Tesla (NASDAQ: TSLA) pump goes on. The company is currently up 1.77% in...

Wednesday, October 27, 2021, 08:38:21 AM

Uber Faces Fine After Dutch Court Rules Drivers are Employees, not Contractors

Ride-hailing company Uber (NYSE: UBER) has lost a court battle in the Netherlands, which ruled...

Wednesday, September 15, 2021, 02:34:00 PM

Elon Musk Comments That “No Contract Has Been Signed Yet” With Hertz

At this point it’s become widely known that Tesla (NASDAQ: TSLA) last week crested the...

Tuesday, November 2, 2021, 09:40:02 AM

Uber Mulls Taking Toronto To Court After City Votes To Cap Ride-Hail Licences

Toronto’s battle with its congested road network’s contribution to climate change has led to a...

Thursday, October 12, 2023, 08:34:36 AM