#earnings today

Read more about the article Uber is changing into a software company:Uber Stock Plunges as Q3 Bookings Disappoint
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Uber is changing into a software company:Uber Stock Plunges as Q3 Bookings Disappoint

UBER reported third quarter results beating Wall Street expectation on both earnings. The rideshare platform posted revenue of $11.19 billion surpassing estimates of $10.99 billion. Uber stock faced pressure due to weaker than expected gross bookings and reduced fourth quarter outlook. Uber is demand network Jang states arguing that technologies like Waymo and Tesla TSLA vehicles will take time to impact the market

Continue ReadingUber is changing into a software company:Uber Stock Plunges as Q3 Bookings Disappoint
Read more about the article General Motors stock rises after earnings crush estimates
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General Motors stock rises after earnings crush estimates

GM's quarterly revenue is $4 billion more than the consensus. General Motors Co.'s stock spike 7.7% early Tuesday after the auto giant blew past estimates for the the 4th quarter and offered upbeat guidance. The company GM 9.27% posted net income of $2.102 billion or $1.59 a share for the quarter up from $1.999 billion or $1.39 a share, in the year earlier period. Revenue fell to $42.980 billion from $43.108 billion.

Continue ReadingGeneral Motors stock rises after earnings crush estimates