- Uber’s initial public offering in May didn’t go as many investors hoped, and the shares haven’t done much in the time since, still lingering below the $45 IPO price. Investors are worried about its path to profitability, executive departures, and questions about the employment status of drivers. However, it remains an analyst favorite for its disruptive qualities and hope that Uber could break even more quickly than expected. The stock got a bit of a boost from its first-quarter earnings, and then again earlier this week, when rival Lyft (LYFT) released a surprisingly good earnings report.
** charts before earnings **
** charts after earnings **
Uber misses by $1.53, misses on revs, misses top and bottom-line estimates.