"The executive, Balaji Krishnamurthy, has been with Uber for more than six years and is currently vice president of strategic finance and investor relations. He will replace current CFO Prashanth Mahendra-Rajah, who is leaving for another opportunity after less than three years at the company, according to a regulatory filing published Wednesday. The outgoing CFO will step down from his post on Feb. 16 and stay on as a senior finance adviser through July 1, the filing said."
"Adjusted earnings per share a metric Uber began reporting this year is expected to be in the range of 65 cents to 72 cents in the current period, missing the average Bloomberg-compiled analyst estimate of 77 cents. The mid-point of its forecast for adjusted earnings before interest, taxes, depreciation and amortization also fell short. Shares of Uber fell by as much as 6.8% after markets opened in New York."
Uber promoted Balaji Krishnamurthy, a more-than-six-year company veteran and vice president of strategic finance and investor relations, to chief financial officer. Prashanth Mahendra-Rajah will step down as CFO on Feb. 16 and remain as a senior finance adviser through July 1. The company has invested hundreds of millions in autonomous-vehicle partners and agreed to purchase robotaxi fleets for eventual scale on its ride-hailing platform. Quarterly guidance showed adjusted EPS expected between $0.65 and $0.72, below analyst estimates, while gross bookings were forecast strongly on robust U.S. growth and shares fell after the report.
Read at www.mercurynews.com
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