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UBER

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Uber shares fell 8% in early trading Tuesday even after the ride-hailing company beat Wall Street's third-quarter revenue expectations.

Earnings per share: $3.11. It was not immediately clear if that was comparable to the 68 cents expected by LSEG analysts.

Revenue: $13.47 billion vs. $13.28 billion expected by LSEG

"This was our strongest growth since the end of 2023 and the largest trip volume increase in Uber's history outside the post-Covid rebound," said CEO Dara Khosrowshahi in prepared remarks.

Revenue jumped 20% from $11.2 billion in the year-ago period. Gross bookings increased 21% to $49.74 billion and surpassed the $48.95 billion expected by StreetAccount.

Net income nearly tripled to $6

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