JUMP REPORT
UBER (UBER)
EARNINGS RELEASE - AUGUST 6 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.86/share REV: 2,100/M
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LAST QTR: EPS: -.88/share ACTUAL: -1.70/share (MISS)
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NEXT QTR: EPS: .66/share REV: 3,160/M
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FULL YR: EPS: -3.64/share REV: 12,840/M
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BEAT/MISS RECORD: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 7.66, 10.54, -10.0
EXPECTED JUMP MOVE THIS QUARTER: 12%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
Links To Latest News and Headlines
RBC Capital analyst Brad Erickson downgraded DoorDash Inc (NYSE: DASH) from Outperform to Sector Perform rating and lowered the price target from $70 to $60. Though DoorDash’s execution & management are widely considered the class of the sector, as 2023 dawns, the analyst is uncomfortable with a potentially unfavorable risk/reward given likely hypersensitivity to order deceleration. Also Read: DoorDash Expects $85M In Charges Related To Job Cuts Erickson thinks the combination of evident slowing
RBC analyst Brad Erickson downgrades DoorDash to Sector Perform from Outperform, citing its performance vs. other food-delivery companies.
The program will be expanded to the recently launched 600-mile commercial lane between Fort Worth and El Paso in Texas to support customers of logistics business Uber Freight as it ships goods this holiday season, Aurora said on Friday. Uber Freight is a platform which connects shippers who need goods moved with available truck drivers. The companies launched their pilot program about a year ago to autonomously transport goods between Dallas and Houston.
The hacking collective has been behind recent corporate attacks affecting Uber, Nvidia, Microsoft and others.
Uber Technologies, Inc (NYSE: UBER) did not look to downsize employee strength, even though competitors slashed staff to deal with an uncertain economic outlook, CEO Dara Khosrowshahi said. Rivals from DoorDash Inc (NYSE: DASH) to Lyft Inc (NASDAQ: LYFT) downsized strength to cope with the macro headwinds. “No, we’re in a good place,” Khosrowshahi told Bloomberg News after speaking at the Economic Club of Chicago. Also Read: Uber System Breach Culprits Are Likely The Ones Behind Microsoft, Nvidi
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Avg Daily Volume: 26,211,037 Market Cap: 57.48B
Sector: None Short Interest: 3.3
Ticker delayed 20 minutes
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by Team Stockjumpers