SAN FRANCISCO — Uber Technologies Inc. today reported a loss of $5.93 billion in its first quarter.
The company said it had a loss of $3.04 per share. Losses, adjusted for non-recurring costs, came to 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The ride-hailing company posted revenue of $6.85 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $6.2 billion.