Top 5 Gainers Today

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1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 129

Shares of Uber Technologies, Inc. (NYSE:UBER) rallied over 15 percent this morning after issuing a solid operating earnings outlook for the fourth quarter. The ride-hailing giant expects adjusted EBITDA in the range of $600 – $630 million for the current quarter, well above the consensus of $567.7 million.

Uber Technologies, Inc. (NYSE:UBER) released the outlook along with its third-quarter results. The company reported an adjusted loss of 61 cents per share for the three months ended September 30, significantly wider than analysts’ average estimate for a loss of 18 cents per share.

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On the bright side, Uber Technologies, Inc. (NYSE:UBER) posted revenue of $8.3 billion, representing a surge of 72 percent over the year-ago period and above expectations of $8.1 billion. Gross booking for the quarter rose 26 percent versus last year to $29.12 billion, but the numbers were marginally below the consensus of $29.55 billion.

You can also take a peek at Top Drug Companies In the World in 2022 and 12 Best Consumer Staple Stocks.

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