Uber’s earnings in fourth quarter Miss Overhadows Bookings Growth

Uber Technologies Inc. reported weaker than expected earnings and operating income in the 4th quarter that overshadow growth in stable bookings. Shares fell into trade with Premarket on Wednesday.

Adjusted earnings before interest, taxes, depreciation and amortization were $ 1.84 billion, just shy for the $ 1.85 billion that Wall Street projected, Uber said in a statement Wednesday. Income from operations for the fourth quarter was $ 770 million, well below the average estimate of $ 1.2 billion. “Discreet legal and legislative related questions” equalizes income gains from a “strong operating performance” Dara Khosrowshahi said in a prepared statement.