I'll Take Uber's Revenue and Order-Booking "Misses" Any Day of the Week
The market is seeing this glass as half empty when it's actually more than half full.
Shares of ride-hailing outfit Uber Technologies (NYSE: UBER) fell Wednesday following the release of its first-quarter results. And understandably so. Although profits came in better than analysts expected, both revenue and bookings fell short of Wall Street's consensus estimates. It was yet another less-than-perfect quarterly report of the type that Uber investors are growing accustomed to.
The market, however, may be missing a much bigger and more important idea here: Uber Technologies continues to do everything it's supposed to do, and is doing all of it exceedingly well. The investing crowd is just choosing not to reward it.
That spells opportunity for you, though. A shift away from this nay-saying stance is likely in the works, even if you can't see it brewing yet.
