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Benzinga
Benzinga
Business
Adam Eckert

INSANE: Why uber shares are sliding | Vintage Vibes

Uber NYSE Uber Technologies

Uber Technologies Inc (NYSE:UBER) shares are trading lower Wednesday after the company reported first-quarter financial results and issued second-quarter guidance.

Uber said first-quarter revenue grew 136% year-over-year to $6.85 billion, which beat the $6.13 billion estimate, according to data from Benzinga Pro. The company reported a quarterly net loss of $5.9 billion, including a $5.6 billion headwind related to Uber's equity investments. 

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