Uber reports third-quarter results that beat Wall Street's revenue expectations [MSNBC.com]
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Source: MSNBC.com
UberShares of the company were down more than 5% pre-market on Thursday.Here's how the company did:Uber's revenue grew 20% in its third quarter from $9.3 billion a year prior. The companyreportedThe company reported a net income of $2.6 billion, or $1.20 per share, up from $221 million, or 10 cents per share, in the same quarter last year. Uber said its net income includes a $1.7 billion pre-tax benefit from unrealized gains related to the reevaluation of its equity investments.Uber reported adjusted EBITDA of $1.69 billion, up 55% year over year and slightly above the $1.64 billion expected by analysts polled by StreetAccount."We are in the fortunate position of having strong performance in our core business, which allows us to make organic investments in new products and capabilities that will pay off for our platform over the long term," Uber CEO Dara Khosrowshahi said Thursday in prepared remarks.For its fourth quarter, Uber said it expects gross bookings between $42.75 billion an
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