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Uber sees profit by end of 2020, ahead of previous target

An Uber Eats food delivery courier rides an electric bike in Geneva
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(Reuters) - Uber Technologies Inc on Thursday moved forward by a year its target to achieve profitability on an adjusted basis to the fourth quarter of 2020, sending its shares up 7.3% in after-hours trading.The company's chief executive, Dara Khosrowshahi, revealed the new target on a conference call with investors after the company reported results for the fourth quarter of last year, in which..
Date Published: Feb 06, 2020
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