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Uber thinks price war with Lyft may be ending, and both stocks are headed higher

May 31, 2019

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.

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