New Delhi, Feb. 4 -- Uber Technology shares are expected to remain in focus today, February 04, after the company forecast first-quarter profit below market expectations and mixed December quarter performance.
The ride-hailing and delivery services company reported revenue of $14.37 billion for the fourth quarter, marking an increase from $12 billion in the same period a year earlier, reflecting continued user growth and higher activity across multiple services.
In terms of segment-wise performance, revenue from the mobility segment improved 19% year-on-year to $8.2 billion. Trips rose 22% in the fourth quarter, as more consumers opted for Uber's affordable offerings, such as shared rides and other lower-cost mobility products.
However...
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