Uber Technologies, Inc. Q2 Profit Advances, Beats Estimates

(RTTNews) - Uber Technologies, Inc. (UBER) released earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $1.015 billion, or $0.47 per share. This compares with $394 million, or $0.18 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.9% to $10.700 billion from $9.230 billion last year.

Uber Technologies, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $1.015 Bln. vs. $394 Mln. last year. -EPS (Q2): $0.47 vs. $0.18 last year. -Revenue (Q2): $10.700 Bln vs. $9.230 Bln last year.