Uber stock slides after profit outlook misses as robotaxi push and CFO change grab focus
Uber Technologies, the ride-hailing and delivery giant, dropped Wednesday after missing fourth-quarter adjusted profit forecasts. The company projected first-quarter adjusted EPS between 65 and 72 cents, falling short of analysts’ 76-cent estimate. Shares fell about 4% to $74.84 by 1:20 p.m. EST, having earlier hit $70. Uber plans a 22%-25% effective tax rate by 2026 and aims to roll out robotaxi services in as many as 15 cities by the end of that year. CEO Dara Khosrowshahi said Uber is “putting our capital up” to lock in early autonomous vehicle supply, while William Blair analyst Ralph Schackart pointed to a “continued AV debate.”
