Uber 2024 profit forecast falls short of expectations, shares drop
Uber Technologies Inc laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on Thursday, even as the ride-hailing company revealed several strategies to boost ridership and bring down costs. The forecast is below the $5.7 billion analysts expect for 2024, according to Refinitiv data. […]