Uber's Profit Outlook Brightens as Revenue Surges.

Uber forecasts quarterly core earnings above estimates, benefiting from a surge in demand for travel and food delivery. The company expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between $800 million and $850 million for the June quarter, compared with analysts' projection of $749.1 million. Uber's first-quarter revenue jumped 29% to $8.82 billion, beating estimates of $8.73 billion, thanks to a 72% surge in the ride-hailing segment. The food delivery unit's revenue growth was slightly above expectations at 23% and Uber said it expected "strong growth" in the coming quarters.