Uber's Gross Bookings Are Up 25% and It Just Launched an Autonomous Vehicle Unit. Is This the Transportation Stock to Own in 2026?
Uber's stock has dropped despite posting impressive results.
Uber's Gross Bookings Are Up 25% and It Just Launched an Autonomous Vehicle Unit. Is This the Transportation Stock to Own in 2026?
Overview
Investors initially liked Uber Technology's (NYSE: UBER) first-quarter results. After reporting earnings on May 6, the stock shot up 8.5%, to close at $79.17. However, the share price has subsequently fallen.
But long-term investors shouldn't concern themselves with day-to-day trading. However, you can look at quarterly results to determine the company's trend and whether it's heading in the right direction.
Details
It's time to look closer at Uber's results and future prospects.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
