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Uber: 2Q Earnings Snapshot

August 6, 2020 GMT

SAN FRANCISCO (AP) _ Uber Technologies Inc. (UBER) on Thursday reported a loss of $1.78 billion in its second quarter.

On a per-share basis, the San Francisco-based company said it had a loss of $1.02.

The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 78 cents per share.

The ride-hailing company posted revenue of $2.24 billion in the period, surpassing Street forecasts. Nine analysts surveyed by Zacks expected $2.18 billion.

Uber shares have climbed 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.71, a fall of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBER at https://www.zacks.com/ap/UBER