The shares of the transport and mobility company Uber have registered a fall of 8.78% on the New York Stock Exchange, reaching $ 28.35, after it presented losses in its quarterly results.
The company’s titles have registered their lowest price on the stock market in their history. The public offer of sale (OPV in Spanish) closed at 45 dollars, although since then they have remained below that level practically in all the trading days.
On October 10, Uber shares reached their record low to date of $ 28.87, which has been exceeded on Tuesday.
During the day, the shares have fallen 9.01%, to 28.08 dollars, which is the largest intraday drop since the firm is publicly traded.
In the first nine months of 2019, the company recorded losses amounting to 7,410 million dollars, compared to the net attributable profit of 1,884 million dollars in the same period of the previous year.
The revenues of the platform between the months of January and September increased 21.5% annually, to 10,078 million dollars, while the costs and expenses of the company grew 72.3%, to 17,703 million dollars.
In the third quarter, Uber recorded losses of 1,162 million dollars, thus raising by 17.8% the ‘red numbers’ recorded in the same period of 2018.
K. Tovar
Source: dpa
