Uber stock sinks 5% after weak guidance despite revenue growth

Uber reported second-quarter results that produced mixed market reactions, with the company’s stock falling after the announcement. Revenue climbed 12% to reach growth, while net income rose to $2.39 billion compared to $1.35 billion in the prior year period. Earnings per share came in at $1.17 versus 63 cents annually.
The ride-hailing and delivery services provider generated $7.36 billion in mobility revenue during the quarter, while its delivery segment contributed $5.25 billion. Mobil