Why Uber Shares Are Falling

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Why Uber Shares Are Falling

Benzinga2023-02-11

Uber Technologies Inc (NYSE:UBER) shares are trading lower by 3.96% to $34.47 Friday afternoon possibly in sympathy with Lyft Inc (NASDAQ:LYFT), who issued first-quarter revenue guidance below analyst estimates.

See Also: Hey, Lyft, Uber Has You Beat: 4 Analysts Discuss Weak Guidance, Q4 Earnings Miss

What Else?

Our Benzinga team reported Lyft partially blamed $201.3 million in stock-based compensation and related payroll tax expenses, as well as restructuring charges related to its recent wave of layoffs for the earnings miss.

Looking ahead, Lyft guided for first-quarter revenue of $975 million, up from $876 million a year ago but well short of analyst estimates of $1.09 billion...Read More

According to data from Benzinga Pro, Uber has a 52-week high of $38.65 and a 52-week low of $19.90.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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4a8ec4cf
·2023-02-11
Where is the point ? Why uber fall ?. There is no connection between uber and lyft !!!!
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There is no connection between uber and lyft !!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954160156","repostId":2310678979,"repostType":2,"repost":{"id":"2310678979","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1676057874,"share":"https://www.laohu8.com/m/news/2310678979?lang=&edition=full","pubTime":"2023-02-11 03:37","market":"hk","language":"en","title":"Why Uber Shares Are Falling","url":"https://stock-news.laohu8.com/highlight/detail?id=2310678979","media":"Benzinga","summary":"Uber Technologies Inc (NYSE: UBER) shares are trading lower by 3.96% to $34.47 Friday afternoon possibly in sympathy with Lyft Inc (NASDAQ: LYFT), who issued first-quarter revenue guidance below analyst estimates.","content":"<html><body><p><strong>Uber Technologies Inc</strong> (NYSE:UBER) shares are trading lower by 3.96% to $34.47 Friday afternoon possibly in sympathy with <strong>Lyft Inc</strong> (NASDAQ:LYFT), who issued first-quarter revenue guidance below analyst estimates.</p>\n<p><em>See Also: Hey, Lyft, Uber Has You Beat: 4 Analysts Discuss Weak Guidance, Q4 Earnings Miss</em></p>\n<p><strong>What Else?</strong></p>\n<p>Our Benzinga team reported Lyft partially blamed $201.3 million in stock-based compensation and related payroll tax expenses, as well as restructuring charges related to its recent wave of layoffs for the earnings miss.</p>\n<p>Looking ahead, Lyft guided for first-quarter revenue of $975 million, up from $876 million a year ago but well short of analyst estimates of $1.09 billion...<em>Read More</em></p>\n<p>According to data from Benzinga Pro, Uber has a 52-week high of $38.65 and a 52-week low of $19.90.\r\n</p>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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