Uber shares tumble 5% on $1.16 billion quarterly loss

2019-11-04

Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →

Uber earnings preview: Brace for more quarterly losses

2019-11-01

Uber Technologies Inc. took a significant detour on the road to profitability three months ago with a jaw-dropping $5.24 billion quarterly loss, deepening its losses to more than $6 billion this fiscal year. So when the ride-hailing service reports third-quarter financial results on Monday, investors and analysts are bracing forRead More →

Chip-equipment companies suggest a recovery is on the way

2019-10-31

Companies that sell equipment to make semiconductors are showing strong gains in earnings and on Wall Street, suggesting that they are seeing the earliest signs of a recovery in the beleaguered sector. KLA Corp. KLAC, -2.27%  reported adjusted fiscal first-quarter earnings of $2.48 a share on revenue of $1.41 billionRead More →