Uber Technologies Inc laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4 percent on Thursday, even as the ride-hailing company revealed several strategies to boost ridership and bring down costs.
The forecast is below the $5.7 billion analysts expect for 2024, according to Refinitiv data. The stock reversed course after being up as much as 5 percent earlier in the day.
