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Uber Earnings: Take Rates, Profitability In Focus When It Reports on Thursday

Uber is seeking to deepen its hold on cities and expand into new streams of revenue, but it remains to be seen how much investors will care.

Uber reports its latest earnings on Thursday, and investors will be looking for signs of a new breakthrough.

Shares of the ride-hailing giant are down 2.8% since its May IPO, and closed at $39.70 on Wednesday. It has once cracked its initial offering price of $45 per share once in its time as a public company. Analysts polled by FactSet are expecting revenue of $3.4 billion and a loss of $2.03 per share on average for the June quarter.

Read more here: https://www.thestreet.com/investing/stocks/uber-earnings-take-rates-profitability-in-focus-when-it-reports-on-thursday-15049893

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