Uber’s upbeat earnings may not be enough to carry the stock to fresh highs
1. Uber's Q3 gross bookings surged 21% to $49.7 billion, exceeding expectations. 2. Projected Q4 bookings suggest growth slowdown to 17%-21% range. 3. Third-quarter revenue increased 20% to $13.5 billion with record trip volumes. 4. Earnings per share rose significantly, benefiting from a $4.9 billion tax gain. 5. Uber aims for autonomous vehicle rollout in 10 markets by 2026.