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Benzinga
Benzinga
Business
Wayne Duggan

INSANE: Uber analyst bullish following guidance update says rising gas prices not a threat | Rare Historical Photos

Uber United States Mobility NYSE Uber Technologies Inc

Shares of Uber Technologies Inc (NYSE:UBER) gained over 7% on Tuesday morning after the company raised its earnings outlook as the U.S. mobility market continues to recover from the pandemic.

Updated Guidance: In a new 8K filing, Uber raised its guidance for first-quarter EBITDA from an old range of between $100 million and $130 million to a new range of between $130 million and $150 million. Uber also said its Mobility segment bookings should reach 95% of 2019 levels in February.

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