UBER•Uber forecast fourth-quarter adjusted profit of 95 to 99 cents per share, below analysts’ $1.06 expectation, and gross bookings of $63.25 billion to $65.25 billion, versus estimates of $64.42 billion.
Uber forecast adjusted profit of 95 to 99 cents per share for the fourth quarter, below Wall Street expectations of $1.06 per share. The company expects gross bookings of $63.25 billion to $65.25 billion, compared with analysts’ estimate of $64.42 billion.
Uber said the Middle East conflict was a 75-basis-point drag on Mobility bookings growth and that it assumes a 100-basis-point hit in the fourth quarter. Shares fell 2.6% in volatile premarket trading.
