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<ul> 
 <li>Uber Technologies (UBER) reported first-quarter earnings with a net loss and revenue slightly ahead of views.</li> 
 <li>The company also posted lower-than-expected total bookings, causing Uber stock to slide.</li> 
 <li>Uber’s net loss of $654 million includes a $721 million headwind due to “net unrealized losses related to the revaluation of Uber’s equity investments.”</li> 
</ul> 
<p><strong>Uber Technologies reports unexpected net loss in Q1 earnings, causing a slide in stock prices. Despite revenue slightly ahead of views, lower-than-expected total bookings have raised concerns.</strong></p>
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<h2 id="strong-unexpected-net-loss-in-uber-s-q1-earnings-strong"><strong>Unexpected Net Loss in Uber’s Q1 Earnings</strong></h2> 
<p>Uber reported a loss of 32 cents per share on sales of $10.13 billion for the March-ending quarter, contrary to analysts’ projections of earnings of 22 cents per share on sales of $10.1 billion. This is a significant increase from the same period a year earlier, where Uber lost 8 cents per share on sales of $8.8 billion. The net loss of $654 million includes a $721 million headwind due to “net unrealized losses related to the revaluation of Uber’s eq... <a href="https://en.coinotag.com/uber-uber-stock-tumbles-q1-bookings-miss-and-unexpected-loss-shakes-investor-confidence/">Read more at COINOTAG.</a></p>

Uber (UBER) Stock Tumbles: Q1 Bookings Miss and Unexpected Loss Shakes Investor Confidence

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