Investing.com - Uber (NYSE:UBER) Tech reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Uber Tech announced earnings per share of $0.44 on revenue of $5.78B. Analysts polled by Investing.com anticipated EPS of $-0.3036 on revenue of $5.36B.
Uber Tech shares are down 4% from the beginning of the year, still down 37.25% from its 52 week high of $64.05 set on February 11, 2021. They are broadly in line with the S&P 500 which is down 3.77% from the start of the year.
Uber Tech shares gained 6.94% in after-hours trade following the report.
Uber Tech follows other major Industrials sector earnings this month
Uber Tech's report follows an earnings beat by United Parcel Service on February 1, who reported EPS of $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.1 on revenue of $27.06B.
Union Pacific had beat expectations on January 20 with fourth quarter EPS of $2.66 on revenue of $5.73B, compared to forecast for EPS of $2.6 on revenue of $5.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar