SAN FRANCISCO (AP) _ Uber Technologies Inc. (UBER) on Wednesday reported second-quarter net income of $1.14 billion, after reporting a loss in the same period a year earlier.

The San Francisco-based company said it had net income of 58 cents per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.

The ride-hailing company posted revenue of $3.93 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $3.74 billion.

Uber shares have decreased 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.81, an increase of 28% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UBER at https://www.zacks.com/ap/UBER

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