Uber’s third-quarter financial results exceeded Wall Street revenue estimates.

However, gross bookings fell short of analyst projections. The announcement led to a more than 9% decline in the company’s shares.

Earnings per share were reported at US$1.20. This was well above the US$0.41 expected by LSEG.

Revenue reached US$11.19 billion, exceeding the forecasted US$10.98 billion.

However, gross bookings were US$40.97 billion, slightly under the anticipated US$41.25 billion according to StreetAccount.