Uber reporting profit but stock falls--miss on revenue


'Revenue for the second quarter rose to $9.23 billion from $8.07 billion, while analysts were modeling $9.34 billion. Uber generated $4.89 billion in revenue from its mobility business, up 38%, $3.06 billion from its delivery business, up 14%, and $1.28 billion from its freight business, down 30%."

" The company logged second-quarter net income of $394 million, or 18 cents a share, whereas Uber UBER, -5.68% posted a net loss of $2.6 billion, or $1.33 a share in its year-earlier period. Analysts tracked by FactSet were expecting a 1-cent loss per share."