Uber Technologies Inc. shares shot higher in after-hours trading Thursday after executives indicated a price war with Lyft Inc. that was keeping ride-hailing fares low was settling down.
Uber UBER, +0.25% reported first-quarter losses of $1.01 billion, or $2.26 a share, on revenue of $3.1 billion. Shares bounced around between slight gains and losses in after-hours trading until executives provided what passes for a forecast from Uber in a conference call and said that the pricing war was easing.
