The Marked Chart Wire · Series of events
Series of events · Uber
Uber buys ezCater, shares dip, then beat Q3 estimates
Uber's acquisition of ezCater preceded a share price drop and a strong third quarter earnings report.
Updated
The flow in 3 points
- Uber agreed to buy ezCater for $2.3 billion
- Shares fell to a 52-week low before the earnings report
- Q3 revenue of $14.77 billion beat analyst estimates
What happened, in order
Times are Eastern-
Where it began
ezCater deal
Uber agreed to purchase the corporate food service firm ezCater for $2.3 billion.
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Turning point
Stock hits low
Shares of Uber Technologies dropped to their lowest level in the past year.
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Earnings preview
Analysts projected Uber would post third-quarter earnings per share of $0.90 and revenue of $14.67 billion.
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Latest
Q3 beat
Uber reported Q3 revenue of $14.77 billion and adjusted EPS of $0.88, exceeding analyst estimates.
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How they connect
Uber first announced the ezCater acquisition, followed by a drop in share prices to a 52-week low. The company then released third-quarter results that exceeded analyst expectations.
What to watch
- Uber plans to deploy over 2,000 driverless vehicles by 2027
The stocks in this series
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A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.