Uber stock dives 12% as ride-hailing service posts $5.24 billion quarterly loss

Uber Technologies Inc. shares plunged 12% in the extended session Thursday after the ride-hailing service reported second-quarter financial results. The company lost $5.24 billion in the quarter, or $4.72 a share. Revenue was $3.17 billion. Analysts surveyed by FactSet had estimated a loss of $2.03 a share on revenue of $3.3 billion. Uber stock overall is flat since its May IPO though shares spiked 8% in regular trading on Thursday. The S&P 500 index has gained 17% this year.

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