SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Uber Technologies Inc. (UBER) on Wednesday reported a loss of $654 million in its first quarter.
The San Francisco-based company said it had a loss of 32 cents per share.
The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The ride-hailing company posted revenue of $10.13 billion in the period, exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $10.08 billion.
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