Shares of Uber Technologies Inc. climbed by over 10% on Tuesday after the company's second-quarter revenue topped analysts' expectations.
Namely, the transportation company revealed that its revenue amounted to $10.7 billion in the second trimester, surging by 16% year-over-year. Meanwhile, its diluted earnings per share landed at $0.47 in the reported period, increasing from $0.10 observed in the same timeframe a year ago, while gross bookings grew by 19% on an annual basis to stand at $40 billion.
Uber's stock soared 10.72% at 1:43 pm ET, selling for $64.75 apiece.
