Uber Tech Earnings beat, Revenue misses In Q1 By Investing.com

Uber (NYSE:UBER) Tech reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Uber Tech announced earnings per share of $-0.06 on revenue of $2.90B. Analysts polled by Investing.com anticipated EPS of $-0.5592 on revenue of $3.26B.

Uber Tech shares are up 0.43% from the beginning of the year and are trading at $51.46 , down-from-52-week-high.They are broadly in line with the EUR/USD which is down 0% from the start of the year.

Uber Tech shares gained 0.47% in after-hours trade the report.

Uber Tech follows other major Technology sector earnings this month

Uber Tech’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.

Microsoft had beat expectations on April 27 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar