SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Uber Technologies Inc. (UBER) on Wednesday reported fourth-quarter earnings of $6.88 billion.
On a per-share basis, the San Francisco-based company said it had net income of $3.21.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The ride-hailing company posted revenue of $11.96 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $11.76 billion.
For the year, the company reported profit of $9.86 billion, or $4.56 per share. Revenue was reported as $43.98 billion.
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