Why Uber Stock Is Sliding After Earnings Report, Robotaxi Update

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• Yahoo Finance center

  Why Uber Stock Is Sliding After Earnings Report, Robotaxi Update
• StockStory

  Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER) fell 5.9% in the morning session after the company reported second-quarter results that beat profit estimates but provided a weaker-than-expected outlook for the third quarter. While the company's adjusted earnings per share of $0.81 and adjusted EBITDA of $2.82 billion both surpassed Wall Street's expectations, investors were more focused on the future. The primary cause for the stock's decline was Uber's third-quarter non-