33.69 -1.02 (-2.94%)
Before hours: 7:05AM EDT
|Bid||33.50 x 2200|
|Ask||33.39 x 2200|
|Day's range||33.21 - 34.79|
|52-week range||13.71 - 41.86|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||02 Nov 2020 - 06 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||40.79|
California Superior Court Judge Ethan P. Schulman heard arguments from Uber and Lyft, as well as lawyers representing the people of California, regarding the request for a preliminary injunction that seeks to force Uber and Lyft to immediately reclassify their drivers as employees. Schulman did not make a ruling today but said we could all likely expect one to come within a matter of days, rather than weeks. In the hearing, Schulman expressed how hard it is to determine the impact of a preliminary injunction in this case.
Uber's delivery business — better known as Uber Eats — is now bigger than its original and core ride-hailing division, based on adjusted net revenue. Now, adjusted net revenue tells only a piece of this evolving Uber story. Income, or losses in the case of Uber's delivery business, are also important.
Stocks ended higher Thursday as investors digested better-than-expected weekly jobs data, and eyed another set of corporate earnings results and more developments around stimulus talks in Washington. The Nasdaq Composite closed above 11,000 for the first time ever, and Facebook, Apple and Amazon closed at records.