** Shares of Uber Technologies UBER.N down 3.1% at $83.15 early Weds and threatening to snap three-session winning streak after qtrly rev missed Wall Street's expectations
** San Francisco, California-based firm's growth in its ride-hailing unit slowed to weakest since the pandemic, amid uncertain economic outlook
** Total Q1 rev rose 14% y/y to $11.53 bln, below consensus of $11.62 bln, per LSEG data
** Though adj EPS of 83 cents/sh surpassed analysts' estimate by 33 cents
** For current-qtr, co sees adj EBITDA of $2.02-$2.12 bln compared to estimate of $2.04 bln
** 46 of 54 analysts covering UBER rate stock "strong buy" or "buy", rest rate "hold" and their median PT is $90, latest LSEG data shows
** Even with move on Weds, stock up ~38% YTD
** Shares of rival Lyft LYFT.O off ~2% on Weds. Lyft's Q1 financial results due on Thurs after the bell
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.