Uber reported third-quarter operating income of US$1.11-billion, missing estimates of US$1.61-billion.

Uber UBER-N missed operating profit expectations on Tuesday and issued a downbeat earnings forecast for the key holiday quarter, overshadowing strong demand for its rides and food deliveries driven by growing adoption of its membership program.

The company blamed the weak profit on undisclosed legal and regulatory matters. Its shares fell nearly 9 per cent in premarket trade, following a more than 60-per-cent rise in the stock so far this year.

CEO Dara Khosrowshahi said the Uber One program was encouraging customers to book more food and grocery deliveries as the company surpassed quarterly revenue and gross bookings expectations.

The delivery segment posted a 29-per-cent sales ris

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