earnings call

Uber posts first-ever adjusted profit as drivers return

Uber posts first adjusted profit in Q3 2021 earnings, good quarter for Uber Eats and Uber Freight

It’s official –– Uber has turned in a profitable quarter for the first time since becoming a publicly traded company in 2019.

The company’s Q3 earnings release revealed an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) profit of $8 million, a narrow margin but enough to get Uber over the hump and into the realm of profitability.

Uber (NYSE: UBER) also beat the consensus analyst estimates for revenue during a quarter when the company’s gross bookings reached an...

https://www.freightwaves.com/news/uber-posts-first-ever-adjusted-profit-as-drivers-return

Shares of Wayfair fall on back of mixed Q3 earnings

Wayfair reports Q3 2021 earnings, misses on revenue, beats on EPS

Home furniture marketplace Wayfair posted a mixed Q3 2021 earnings report on Thursday, beating consensus analyst estimates on adjusted earnings per share while missing on revenue.

The e-commerce firm reported revenue of $3.1 billion, down 18.7% year-over-year from Q3 2020’s $3.8 billion. The company also lost $718.5 million quarter-over-quarter, the second quarter in a row in which revenue has declined.

Wayfair’s (NYSE: W) stock price was down about seven basis points in the morning following...

https://www.freightwaves.com/news/shares-of-wayfair-fall-on-back-of-mixed-q3-earnings

SAIA reports decrease in revenue during second quarter

Saia Inc. (NASDAQ: SAIA) reported second-quarter revenue was $418 million, down $46 million, or 9.9% from last year, according to quarterly financial results released on Wednesday, July 29.

The less-than-truckload (LTL) carrier also reported the revenue decline was driven by a 9.7% decline in shipment volume compared to the prior year.

“The COVID-19 pandemic has created unprecedented disruption and uncertainty for our business and our customers over the last few months,” said Fritz Holzgrefe,...

https://s29755.pcdn.co/news/saia-ltl-freight-beats-analysts-estimates-during-second-quarter

United Airlines: Least worst is best

Two white United jets pointed nose-to-nose at each other. United Airlines is being cautious about adding aircraft to its schedule while the economy is still depressed.

When it comes to airline economics, being the least worst of the bunch is a plus. 

United Airlines (NASDAQ: UAL) executives on Wednesday took pride that the company’s record-setting second-quarter net loss was only $1.6 billion. They said the airline is outperforming big domestic competitors during the COVID crisis by better managing capacity and that stanching financial losses now is a harbinger for strong results when the economy improves. 

Last week, Delta Air Lines (NYSE: DAL) reported a $5.7...

https://www.freightwaves.com/news/united-airlines-least-worst-is-best