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The Marked Chart Wire · Business
HotUber
Dara Khosrowshahi said fuel costs linked to the Iran conflict are reducing driver supply in Brazil and India. The company is increasing driver incentives and cutting rider subsidies in response.
Part of a series: Uber buys ezCater, beats Q3 estimates, warns of higher costs
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HotUber
Uber reported Q3 revenue of $14.77 billion and adjusted EPS of $0.88, exceeding analyst estimates. The company also outlined plans to deploy over 2,000 driverless vehicles by 2027.
HotUber
Analysts project Uber will post third-quarter earnings per share of $0.90 and revenue of $14.67 billion. Recent price targets from Wall Street analysts have reached $100.
Toyota
Toyota Motor reported GAAP earnings per share of 185.97 yen and revenue of 26.96 trillion yen for the quarter. The company also increased its full-year forecast for fiscal 2027.
ArcelorMittal
The steelmaker reported non-GAAP earnings per share of $1.15 and revenue of $16.47 billion, falling short of analyst forecasts by $460 million.
HotMercadoLibre
MercadoLibre outlined a 20 percent expansion of its fulfillment network while emphasizing continued investment in affiliates and maintaining credit risk discipline.
AI Security
Palo Alto Networks is reportedly negotiating to acquire AI security startup Clutch for $500 million.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.