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Uber Stock Slips After Earnings. Here’s Why.
Uber Technologies (UBER) stock slid Wednesday after the tech giant offered mixed second-quarter results. The ride-hailing and food-delivery company’s bookings and adjusted profit forecast missed estimates. The San Francisco-based Uber earned an adjusted 81 cents per share for the June-ended quarter, up 35% from a year earlier. That beat the 80 cents per share that analysts polled by FactSet were forecasting.…
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