Sales: Ride-Hailing Company and Period

sales: Yet the spike in losses came as Uber's sales remained largely flat for the period, according to CNN. The ride-hailing company posted sales of 2.95 billion for the quarter, up about 5% from the prior quarter and an increase of more than a third from the same period a year earlier. Uber said Wednesday that it lost 1.07 billion in the three months ending in September, up from an 891 million loss in the quarter prior, as the company invests in newer services ranging from food deliveries to scooters, according to a copy of the financials provided to CNN Business. The latest results highlight the challenge Uber faces in trying to simultaneously manage its sizable losses while showing the kind of rapid sales growth that investors look for from a newly public technology company. Wall Street expectations may be particularly high for Uber. Uber has repeatedly said it expects to go public in 2019. (news.financializer.com). As reported in the news.