Uber CEO Dara Khosrowshahi. Photograph by Michael Faas/Fortune, under Creative Commons license

Ride-hailing giant Uber has announced it’s withdrawing its financial guidance for 2020 ahead of a quarterly earnings call scheduled to hold on the 7th of May. On that day, Uber, whose business has been sizeably affected by the coronavirus outbreak, will discuss its financial results for the first quarter of this year. The ride-hailing company has said it expects to take a hit of between $1.9 billion to $2.2 billion from minor equity investments in other ride-hailing companies. Uber has substantial stakes in a few ride-hailing and food delivery companies globally, including the likes of Didi Chuxing, Grab, and Zomato. The stakes were gotten as a result of acquisition deals Uber struck with the aforementioned companies, the acquisitions lying on Uber’s side. Uber expects the losses to reflect on its quarterly results.

On the heels of Uber’s announcement, the company’s shares rose as much as 7.3% in extended trading, likely bolstered by investors who previously expected a much bigger business hit from the coronavirus outbreak. Uber went through a similar ordeal sometime last month after drawing attention to its $4 billion cash cocoon that would surely be instrumental in helping it weather through a business slowdown.

As of writing, Uber’s shares traded for around $27, significantly lower than its $42 IPO debut price.