Briefing
uber/lyft

Uber’s Stock Rises on Profitability Projection

By
Amir Efrati
· · Source: The Information

Uber’s stock rose 6% to above $39 in after-hours trading after the company delivered mixed results for the fourth quarter of 2019. The good news: Uber said it expected to be profitable before interest, taxes, depreciation, and amortization by the fourth quarter of this year—sooner than expected. The reason for that is Uber’s core ride-hailing business, which notched its second straight positive...

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