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

(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 it continued to lose money. Uber in November promised to be profitable on an adjusted basis by the..