Uber Slides 5.29% to $68.18 on Aug 5 as Q3 Guidance Misses Expectations

UBER1.78%
According to Yonhap InfoMax, Uber (NYSE: UBER) stock fell 5.29% to $68.18 on Aug 5, 2026, following disappointing third-quarter guidance. The company projected Q3 total bookings of $58.25 billion to $60.25 billion, with the midpoint of $59.25 billion falling short of Wall Street's consensus estimate of $59.32 billion. The company's Q2 performance had exceeded expectations, with total bookings reaching $58 billion, up 22% year-over-year, and earnings per share of $0.81, up 35% year-over-year. CEO Dara Khosrowshahi has been accelerating deployment of autonomous taxi technology.
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