Uber surges after saying it will be profitable a year earlier than expected (UBER)

Uber reported quarterly earnings Thursday that exceeded Wall Street's expectations.
Shares surged as much as 9% in early trading Friday.
Uber also announced that it expected to reach profitability this year, earlier than its previous goal of reaching profitability on an Ebitda-adjusted basis in 2021.
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Uber just pushed up its timeline to profitability, and investors like it.
Shares of the ride-hailing giant surged as much as