Uber Technologies has had a surprisingly strong second quarter. The transportation company, which has primarily made a name for itself in the taxi industry, reported $326 million in operating profit, which is a significant improvement from the same quarter last year when the company posted an operating loss of $713 million.

The result is described as a turning point for Uber, which since 2014 has accumulated heavy operating losses totaling $31.5 billion.

In futures trading on Wall Street, Uber is up 3.7 percent.

Source: TT-DI.SE