Investing.com - Uber (NYSE:UBER) Tech reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Uber Tech announced earnings per share of $-1.33 on revenue of $8.07B. Analysts polled by Investing.com anticipated EPS of $-0.2687 on revenue of $7.36B.
Uber Tech shares are down 20.31% from the beginning of the year, still down 49.67% from its 52 week high of $48.88 set on October 8, 2021. They are under-performing the S&P 500 which is down 13.59% from the start of the year.
Uber Tech follows other major Industrials sector earnings this month
Uber Tech's report follows an earnings beat by United Parcel Service on July 26, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar