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UBER May 2024 71.000 put
| Previous close | 2.7100 |
| Open | 1.4700 |
| Bid | 1.6900 |
| Ask | 1.8900 |
| Strike | 71.00 |
| Expiry date | 2024-05-03 |
| Day's range | 0.8000 - 1.9300 |
| Contract range | N/A |
| Volume | |
| Open interest | 414 |
- Yahoo Finance Video
Uber earnings, Fedspeak: What to Watch
Here are some of the key events to watch for on Wednesday, May 8th. First quarter earnings season continues, with several companies scheduled to release their financial results, including Uber (UBER), Airbnb (ABNB), and AMC Entertainment (AMC). Additionally, Federal Reserve officials, including Fed Vice Chair Philip Jefferson, Boston Fed President Susan Collins, and Fed Governor Lisa Cook, will provide insight into inflation and the path for interest rates. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Barrons.comUber Posts a First-Quarter Loss. The Stock Tumbles.
Uber Technologies stock was falling Wednesday after the ride-sharing company posted a first-quarter loss when analysts expected a profit. Uber reported a first-quarter adjusted loss of 32 cents a share on revenue of $10.13 billion. The net loss for the quarter was $654 million, which includes a $721 million headwind due to “unrealized losses related to the revaluation of Uber’s equity investments.”
ReutersUber shares tumble as second-quarter forecast disappoints
The weakness in a key metric that indicates the total value of revenue earned on the Uber platform signals demand weakness for the company's ride-share and food delivery services. In contrast, smaller rival Lyft posted better-than-expected result and forecast strong second quarter on Tuesday, saying it saw an industry-wide pickup in ride-share demand. Lyft and Uber have been racing to increase their reach in the ride-share market of the United States and Canada, especially since Lyft hired David Risher as CEO in last April.
