Uber Stock Sinks as Operating Income Falls Well Short of Estimates

1. Uber's operating income missed estimates, driving shares down nearly 7%. 2. Net income soared to $6.88 billion, benefiting from tax valuation release. 3. Gross bookings and trips growth exceeded analyst expectations at $44.2 billion. 4. Analysts anticipated lower operating income compared to actual results reported. 5. Shares declined more than 9% after the previous third-quarter earnings report.