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Forecast-driven miss relative to StreetAccount estimates and a lower Q3 EPS guide can pressure near-term shares despite revenue strength and strategic bets; past instances show stock often sells off on modest guidance downgrades even when revenue looks solid.
What happened, with direct paths to the underlying reporting
Uber reported Q2 results that beat on profit but missed on bookings guidance. Revenue rose 12% to $14.19B, and net income reached $2.39B. A $14.8B Delivery Hero deal expands the delivery footprint, while Uber plans to invest over $10B in autonomous-vehicle development, signaling a shift toward scale-enabled AV deployment despite near-term headwinds.
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