Uber ((UBER - Free Report) ) outperformed Q3 expectations on both top and bottom lines after Monday's market close, posting a loss of 68 cents per share (the Zacks consensus was for -83 cents) on revenues of $3.8 billion, above the $3.75 billion analysts were looking for. Ride-sharing was up in the quarter, as its Uber Eats group numbers softened and missed estimates. Shares were trading down 6% in the after-hours market on the news.
Some quarterly figures beneath the headline were slightly under what was antipicated, including Monthly Active Platform Users coming in at 103 million, below the 104 million expected. Gross bookings did rise 29% year over year to $16.5 billion, though analysts were looking for $16.7 million. CEO Dara Khoswroshahi predicted Uber to post EBITDA profitability by 2021. Ride shares were up in the quarter, with North America continuing to perform best.
Shake Shack ((SHAK - Free Report) ) also surpassed estimates in its Q3 report released this afternoon, with earnings of 26 cents per share on $157.8 million comparing favorably to 20 cents per share expected on $156.8 million in revenues, respectively. But "Same Shack Sales" disappointed, up 2% and not the 2.5% analysts were expecting, and a flat outlook for 2020 growth have sent traders selling off shares in the late market, down 12% on the earnings release.
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