5 Stocks Making Headlines After Earnings Reports

1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 143

Shares of Uber Technologies, Inc. (NYSE:UBER) fell for two straight days despite beating expectations for the fourth quarter. The provider of ride-hailing services posted an adjusted loss of 26 cents per share, narrower than a loss of 35 cents per share estimated by analysts.

Revenue for the quarter climbed 83 percent on a year-over-year basis to $5.8 billion, better than the consensus forecast of $5.360 billion. Among other updates, Uber Technologies, Inc. (NYSE:UBER) reported that its gross bookings for the quarter jumped 51 percent to $25.9 billion, while total trips increased 23 percent to 1.77 billion.

Uber Technologies, Inc. (NYSE:UBER) also issued its financial outlook for Q1. It expects adjusted EBITDA in the range of $100 million and $130 million for the current quarter, below analysts’ average estimate of around $150 million.

Discussing the results, CEO of Uber Technologies, Inc. (NYSE:UBER), Dara Khosrowshahi, said in a statement:

“In Q4, more consumers were active on our platform than ever before, Delivery reached Adjusted EBITDA profitability, and Mobility Gross Bookings approached pre-pandemic levels. While the Omicron variant began to impact our business in late December, Mobility is already starting to bounce back, with Gross Bookings up 25% month-on-month in the most recent week.”

You can also take a peek at Morgan Stanley’s Top 10 Stock Picks for 2022 and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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