Uber Technologies earnings beat lifts stock 3.4%

Uber Technologies reported second‑quarter earnings per share of $0.81, topping the consensus estimate of $0.80. Revenue reached $14.19 billion, a 12.2% increase year over year, though slightly below analysts' $14.24 billion forecast. The company posted a net margin of 15.91% and a return on equity of 41.40%.

Following the results, Uber’s shares rose 3.4% during trading, climbing as high as $71.37 and closing around $70.51. Trading volume jumped 59% to roughly 31 million shares. In parallel, Sarasin & Partners LLP increased its holding in Uber to 2,041,558 shares, valued at about $147 million, representing roughly 0.10% of the company and making Uber its 20th‑largest position.

Analysts maintained positive outlooks, with several firms keeping buy ratings and adjusting price targets upward in response to the stronger‑than‑expected earnings.