Uber shares drop sharply in premarket trade after it misses on earnings-per-share, but bookings jump by a fifth

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• Uber shares dropped as much as 8% in premarket trading after reporting first quarter results Wednesday.
• The ride-hailing giant saw gross bookings climb 20% and revenue slightly beat expectations.
• Earnings-per-share was significantly below Wall Street forecasts, however.

Uber's share price dropped as much as 8% in premarket trading Wednesday after it reported a mixed bag of Q1 results.

Its gross bookings of $37.7 billion were up 20% compared to the same period last year...