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Uber revises third-quarter outlook after seeing first months of profitable adjusted Ebitda

·1 min read
Uber revises third-quarter outlook after seeing first months of profitable adjusted Ebitda
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Shares of Uber Technologies Inc. rallied 4.3% in premarket trading Tuesday, after the updated its third-quarter outlook after the ride-share and delivery company saw its first months of profitability in adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) in July and August. The company revised its gross bookings guidance range to between $22.3 billion and $23.2 billion from $22 billion to $24 billion. The company now expects adjusted Ebitda between negative $25 milli