**Uber Smashes Q3 Expectations But Faces Stock Pressure**

Uber outshined analyst predictions with its robust third-quarter results, showcasing a revenue of $11.19 billion, surpassing the forecasted $10.99 billion. The adjusted earnings per share (EPS) stood at an impressive $1.20, significantly higher than the expected $0.45. Despite delivering a stellar financial performance, Uber's stock is experiencing downward pressure this morning.

TD Cowen's Managing Director and senior equity research analyst, John Blackledge, who continues to rate Uber's stock as a "Buy," provided insights into the company's strong market stance. He emphasized that Uber excelled across all critical metrics, including gross bookings, mobility, delivery, and EBITDA, deeming it "a solid quarter."

Regarding the stock's reaction to the earnings report, Blackledge commented, "I think it's kind of overdone and we're buyers on weakness." This suggests confidence in Uber's long-term potential despite the current market volatility.