Check out the companies making headlines after the bell.
regarding its first-quarter results.
Uber said it expects its GAAP revenue to be reduced by an estimated $17 million to $22 million in the first quarter, and an estimated $60 million to $80 million in the second quarter because of a financial assistance program it implemented for drivers and delivery people amid the Covid-19 pandemic. The company also said it is taking a writedown of $1.9 billion to $2.2 billion on its investments in the first quarter. Uber withdrew previous financial guidance provided in February.
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