Uber Beats Wall Street, but Its Earnings Come With a Catch

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This article first appeared on GuruFocus. Uber Technologies Inc. (UBER, Financials) announced third-quarter revenue of $14.77 billion, up 9.4% from a year ago, as the firm continues to develop its mobility and delivery operations.Revenue was almost $100 million over Wall Street projections.The business reported non-GAAP earnings of $0.88 per share, exceeding analysts' projections by $0.01.The statistics suggest ongoing growth despite competitive challenges in the global ride-hailing sector and worries about the possible effects of autonomous vehicles.Uber also announced about 10% revenue increase at constant currency, indicating underlying business growth was solid.