Uber stock rebounds nearly 4% as CFO switch and robotaxi push hit Wall Street
Uber shares rose 3.9% to $76.80 Thursday after a steep post-earnings drop, as the company named Balaji Krishnamurthy to replace CFO Prashanth Mahendra-Rajah, who will resign Feb. 16. Uber’s Q1 adjusted EPS forecast missed Wall Street estimates, while gross bookings guidance topped expectations. A UK tax law ruling will cut reported revenue margin by 3.5 points. Q4 trips and gross bookings each climbed 22% year-on-year.