Uber slips, forecasts Q4 adjusted core profit marginally below estimates
RefinitivLess than 1 min read
** Shares of ride-hailing and delivery platform Uber Technologies UBER slip 2.4% to $97.30 premarket
** UBER forecasts Q4 adjusted EBITDA between $2.41 bln and $2.51 bln, the midpoint of which is marginally below expectations of $2.48 billion
** UBER expects Q4 gross bookings between $52.25 bln and $53.75 bln, above estimates of $52 bln - LSEG data
** Company says Q3 gross bookings was $49.74 bln, compared with estimates of $48.73 bln
** Q3 revenue rose 20% to $13.47 bln, beating the average analysts' estimate of $13.28 bln
** In Q3, delivery segment posts 29% sales rise, outpacing the 20% increase in mobility revenue and flat growth in the freight division
** Up to last close, stock had risen ~65% this year
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