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Uber losses narrow as delivery growth outpaces fall in ride-sharing



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Uber Eats deliveryJonathan Raa | NurPhoto via Getty ImagesUber’s stock fell more than 3% after the bell on Wednesday as the company delivered mixed fourth-quarter earnings results, as its ride-hailing business slowly recovers and its delivery business booms. Nonetheless, the company is still losing about $1 billion a quarter on a GAAP basis. Here’s how Uber did versus expectations:Loss: 54 cents per share, versus 56 cents expected, according to a consensus of analysts surveyed by Refinitiv.Revenue: $3.17 billion versus $3.58 billion expected per Refinitiv.Overall, Uber lost $968 million on a GAAP basis during the quarter, an improvement from a year ago when losses amounted to $1.1 …

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