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Uber shares fall after third-quarter guidance disappoints
CNBC reports Uber’s earnings matched expectations, but its third-quarter outlook came in below what analysts expected.
Uber’s stock fell sharply after the company’s third-quarter guidance missed expectations, despite revenue growth, CNBC Earnings reports.
CNBC said Uber’s earnings were in line with estimates, but the company’s guidance for the third quarter trailed consensus, prompting the selloff.
The decline followed the release of its quarterly results, with investors focused on the outlook rather than the reported performance.
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