SAN FRANCISCO (AP) _ Uber Technologies Inc. (UBER) on Wednesday reported a loss of $108 million in its first quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 6 cents. Losses, adjusted for one-time gains and costs, were 42 cents per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.

The ride-hailing company posted revenue of $2.9 billion in the period, which missed Street forecasts. Twelve analysts surveyed by Zacks expected $3.25 billion.

Uber shares have risen slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.18, an increase of 82% in the last 12 months.

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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