As the year comes to an end the last quarter results of firms and companies are also revealed giving the world a insight on what they should be expecting in the next quarter as per the revenue and profit of the previous quarter, this most important for the investors as they get a sneak peak of the finances of a firm and get to decide what changes their investments need.
Uber, as we all know, is huge now globally, and as a company now, it has revealed its end of the year quarter results, and we see that the company has dipped a little bit on the bad side of the spectrum. Although the earning was off the expectations of the company and pretty good and the profits were also good what was not good that the company saw a decline in the consumer growth and this could not be good news for the company in the future. The company said that it will be improving its annual loss forecast and are expecting to turn the company profitable by the year 2021. The stocks of the company have been in pretty bad shape do that has also been an issue for the company to look for. Investors might just invest in the company seeing the growth opportunity, but that is something of a gamble that only a few might make
As the company moves towards the end of the year with one quarter remaining, the company still has a chance of churning out better results and making the growth numbers it wanted.
Tags : Uber,