Uber shares drop sharply in premarket trade after it misses on earnings-per-share, but bookings jump by a fifth
Uber’s share price dropped as much as 8% in premarket trading Wednesday after it reported a mixed bag of Q1 results.
Its gross bookings of $37.7 billion were up 20% compared to the same period last year, but fell short of its target. Plus, its forecast for gross bookings in the second quarter was also shy of Wall Street’s expectations.