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Uber Shares Fall on Weak First-Quarter Gross Bookings Guidance
Uber Technologies Inc. issued a first-quarter bookings outlook that disappointed analysts, cautioning that currency headwinds and severe winter weather would have an impact on trips and deliveries in the current period.
Uber Technologies Inc. issued a first-quarter bookings outlook that disappointed analysts, cautioning that currency headwinds and severe winter weather would have an impact on trips and deliveries in the current period. Gross bookings, which includes ride hails, delivery orders and driver and merchant earnings but not tips, will be $42 billion to $43.5 billion for the first quarter, Uber said in a statementBloomberg Terminal on Wednesday. Fourth-quarter bookings grew 18% to $44.2 billion.
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