Uber Shocks Investors With Surprise Profit

By Parkev Tatevosian, CFA – Aug 7, 2023 at 7:07PM

NYSE: UBER

Uber Technologies

Market Cap

$144B

Today's Change

(-0.38%) -$0.26

Current Price

$69.05

Price as of April 26, 2024, 4:00 p.m. ET

Uber has long struggled to turn a profit, but the company turned a corner.

Fool.com contributor Parkev Tatevosian discusses the big improvement Uber (UBER -0.38%) made in its latest quarter.

*Stock prices used were the afternoon prices of Aug. 5, 2023. The video was published on Aug. 7, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.