By Nivedita Balu and Akanksha Rana
(Reuters) -Uber Technologies Inc could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected as online food ordering surges and ride bookings recover from pandemic lows.
Shares of the company, which has spent billions over the last few years on growing its business, were up about 8% in early trading on Tuesday following the upbeat profit outlook.
The COVID-19 pandemic and a shortage of drivers crushed Uber and smaller rival Lyft Inc last year, as most people worked from home or preferred to invest in …
