Uber stock falls after earnings beat estimates, but quarterly loss topped $1 billion
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Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel.

The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter a year ago. The Q3 loss included $401 million in stock-based compensation. (The company’s official lockup period begins Nov. 6, when more than $20 billion of its stock hits the market.)

Uber stock falls after earnings beat estimates, but quarterly loss topped $1 billion

Uber shares tumble 5% on $1.16 billion quarterly loss

Uber’s latest earnings report is less catastrophic than last quarter

 



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