Framing Analysis
Uber reported second-quarter revenue of $14.19 billion and gross bookings of $58 billion, both above analyst estimates, while guiding third-quarter gross bookings at $58.25 billion to $60.25 billion and adjusted EPS at 84 to 88 cents. The company also disclosed a $14.8 billion agreement to acquire Delivery Hero and plans to invest more than $10 billion in autonomous vehicles. Shares fell approximately 3 percent in premarket trading following the August 5 earnings release.