Updated .. Uber shares up 7% at the close after the...

direct: Uber’s share price rose by more than 7 percent at the end of trading on Friday, after quarterly losses fell below expectations.

The company operating in the participatory transport sector recorded losses of $ 1.08 billion during the quarter ending last September, compared with losses of $ 1.1 billion in the comparative quarter of the previous year.

Uber’s share of losses was 62 cents per share during the third quarter, compared to estimates of a loss of 65 cents.

But the US company’s revenue fell by 18 percent year-on-year to $ 3.13 billion in the third quarter.

At the close, Uber’s share rose 6.9 percent to $ 44.87.

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