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Uber sees profit by end of 2020, but still expects full-year loss

FILE PHOTO: Uber CEO Dara Khosrowshahi speaks to the media at an event in New Delhi
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(Reuters) - Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion (£774 million) this year. Uber shares were up 5% in after-hours trading on the news, with Chief Executive Officer Dara Khosrowshahi saying the company would cut..
Date Published: Feb 07, 2020
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