Stock Market Today, Aug. 5: Uber Falls 5% on Weak Guidance Despite Strong Bookings Growth
On Aug. 5, 2026, the ride-hailing giant's profit outlook disappointed investors even as gross bookings surged 24% and revenue hit $14.2 billion.
Overview
Uber Technologies (NYSE:UBER), a global ride-hailing and delivery platform, closed at $68.18, down 5.29%. Shares fell after second-quarter results showed bookings and profit topping estimates, but third-quarter guidance missed expectations. Investors are watching earnings and bookings guidance next. Trading volume reached 46.2M shares, coming in about 125% above its three-month average of 20.5M shares. Uber Technologies IPO'd in 2019 and has grown 64% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.19% to 7,722, while the Nasdaq Composite (NASDAQINDEX:^IXIC) declined 0.83% to 26,363. Among ride-hailing, delivery, and urban mobility platform services, Lyft (NASDAQ:LYFT) closed at $16.48, down 1.49%, while DoorDash (NASDAQ:DASH) ended at $207.27, up 2.42%, as delivery peers tracked earnings-day sentiment.
Details
While Uber’s Q2 results were “mixed” compared to analysts’ expectations, it seemed like a solid quarter otherwise:
Source
Originally published at www.fool.com.