Uber Stock Jumps 3% as Strong Bookings Lift Investor Confidence

This article first appeared on GuruFocus. Uber Technologies (NYSE:UBER) shares climbed nearly 3% in Wednesday morning trading as investors welcomed 20% growth in third-quarter gross bookings, despite a fourth-quarter earnings outlook that came in below Wall Street expectations. The company forecast adjusted earnings of 95 cents to 99 cents per share for the current quarter, below the $1.06 analyst consensus. Uber also projected gross bookings of $63.25 billion to $65.25 billion, compared with estimates of $64.42 billion. Warning! GuruFocus has detected 5 Warning Signs with ORCL. Is UBER fairly valued? Test your thesis with our free DCF calculator.