Uber Stock Rallies After Strong Q2, But Can It Hold the Gains?

Uber stock rose 3.4% after Q2 EPS of $0.81 beat the $0.80 consensus. Revenue hit $14.19 billion, up 12.2% year-over-year but slightly below the $14.24 billion forecast. Gross bookings jumped 24% to $58 billion, and adjusted EBITDA rose 33% to $2.8 billion. Q3 EPS guidance of $0.84-$0.88 missed analyst expectations. The article appeared on CoinCentral.