India, Aug. 5 -- Ride-hailing and food delivery major Uber Technologies, Inc. (UBER, while reporting weak profit and revenues in its second quarter, on Wednesday issued third-quarter outlook, expecting higher adjusted earnings and gross bookings.
In pre-market activity, the shares were losing around 3.77 percent to trade at $69.31, after closing Tuesday's regular trading 0.53 percent higher.
Looking ahead for the third quarter, the company anticipates adjusted earnings per share of $0.84 to $0.88, representing an year-over-year growth of 28 percent to 35 percent. Adjusted EBITDA is projected to be $2.86 billion to $2.96 billion.
The company expects gross bookings of $58.25 billion to $60.25 billion for the quarter, representing growth of...