Uber Rises on Consecutive Quarterly Profit Despite Slowed Growth
- Sales in third quarter missed estimates on accounting change
- Core business ‘stronger than ever’ heading into holiday
This article is for subscribers only.
Uber Technologies Inc. shares jumped after showing a second consecutive profitable quarter and an increase in demand for rides and delivery.
The company reported income from operations of $394 million in the three months ended in September and overall trips growth of 25%.