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Story summary
- Uber Technologies Inc. missed earnings forecasts, sending its shares down 7% on Wednesday.
- Net income rose to $2.39 billion ($1.17 per share) from $1.35 billion ($0.63 per share) a year earlier.
- Uber announced a $14.8 billion acquisition of Germany’s Delivery Hero to broaden its delivery reach.
- CEO Dara Khosrowshahi said Uber will spend over $10 billion on autonomous vehicles while noting that partner Waymo appears to be pulling away.
