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Uber Is Cash Flow Positive for First Time. The Stock Soars.
Ride-hailing giant Uber Technologies stock soared after the company became cash-flow positive for the first time. Uber (ticker: UBER) reported a loss of $2.6 billion, or $1.33 a share, for the second quarter, while consensus among analysts tracked by FactSet was for a loss of 27 cents. The company became cash flow positive in the quarter for the first time, posting $382 million in free cash flow.
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