Shares of Uber Inc fell 10% in early trading on Friday after the ride-hailing se...
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo
None of the Wall Street brokerages who cover the stock changed their recommendation on Uber, and the fall was almost equivalent to the 8% surge in the company’s shares after Lyft’s numbers on Thursday. “In a nutshell, there were many puts and takes in the quarter but overall we would characterize this print/guidance as a B performance with the Street expecting an A+ coming off its recent IPO,” Wedbush analysts said.
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