Uber’s lower Q1 bookings forecast, Q4 profit miss drag down shares

Uber Technologies on Wednesday forecast first-quarter bookings short of estimates due to a strong dollar after it reported a profit miss in the October-December period, sending its shares down more than 5 per cent.

But the San Francisco-based company also beat fourth-quarter revenue estimates, helped by stable ride-hailing demand for office commutes and a strong holiday season for its delivery services.