Breaking down Uber, Lyft results
10 August 2019 |
9:00 am
Dan Ives, managing director of equity research at Wedbush Securities, talks about Uber Technologies Inc. and Lyft Inc. Uber reported second-quarter adjusted sales that fell short of estimates and posted a net loss of $5.24 billion, by far the largest ever for the business. Lyft's second-quarter results blew past market estimates and won accolades from Wall Street.
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Tom White, D.A. Davidson senior research analyst, discusses Uber Technologies Inc.'s plan to cut about 400 employees. He speaks with Bloomberg's Caroline Hyde and Romaine Bostick on "Bloomberg Markets: The Close." White, his family and his firm do not own shares of Uber.
10 Aug 2019
Dan Ives, managing director of equity research at Wedbush Securities, talks about Uber Technologies Inc. and Lyft Inc. Uber reported second-quarter adjusted sales that fell short of estimates and posted a net loss of $5.24 billion, by far the largest ever for the business. Lyft's second-quarter results blew past market estimates and won accolades from Wall Street.
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