Uber investors await recovery plan in first earnings after IPO

The Uber Technologies Inc. application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Arlington, Virginia, U.S. on Monday, April 29, 2019. Photographer: Andrew Harrer/Bloomberg

Uber Technologies Inc. will get its first opportunity to address some of the concerns that contributed to a rocky Wall Street debut when it reports first-quarter earnings on Thursday afternoon.

The ride-hailing giant’s shares have languished since trading began on May 10 as investors focused on how much money it’s losing, intense competition and shrinking revenue growth. The stock has fallen 11% from the $45 offering price, and investors want to know what Chief Executive Officer Dara Khosrowshahi has planned to instill confidence in Uber’s long-term strategy.

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