Uber shares climb after CEO moves forward profitability forecast by a year

Uber shares climb after CEO moves forward profitability forecast by a year

Uber moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020. Uber shares climbed as much as 10 percent after the announcement. Uber in November promised to be profitable on an adjusted basis by the end of 2021. The ride-hailing giant raked in $4.07bn in revenue in the fourth quarter — a 37-percent, yearly jump that narrowly beat estimates of $4.06bn.

Simone
Simone
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