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Articles in “LYFT”

Why Lyft (LYFT) Shares Are Falling Today Cover Image
NASDAQ LYFT Why It Moves
Why Lyft (LYFT) Shares Are Falling Today

Jabin Bastian 2023/05/05 1:56pm

What Happened: Shares of ride sharing service Lyft (NASDAQ: LYFT) fell 15.5% in the after-market session after the company reported revenue and earnings per share (EPS) in the first quarter that came in ahead of analysts' estimates. Active riders was in-line while revenue per rider beat slightly. However the company still faces cash burn issues. In addition, revenue and adjusted EBITDA guidance for the next quarter missed analysts' expectations. This means the debate continues on long-term growth and margin levels. Overall, the results were poor, especially in light of Uber's strong earnings earlier this week. ... Continue Reading Continue Reading
Lyft (NASDAQ:LYFT) Posts Better-Than-Expected Sales In Q1 But Stock Drops 11% Cover Image
NASDAQ LYFT Earnings
Lyft (NASDAQ:LYFT) Posts Better-Than-Expected Sales In Q1 But Stock Drops 11%

Anthony Lee 2023/05/04 8:12pm

Ride sharing service Lyft (NASDAQ: LYFT) reported Q1 FY2023 results beating Wall St's expectations, with revenue up 14.3% year on year to $1 billion. However, guidance for the next quarter was less impressive, coming in at $1.01 billion at the midpoint, being 6.57% below analyst estimates. Lyft made a GAAP loss of $187.6 million, improving on its loss of $196.9 million, in the same quarter last year. ... Continue Reading Continue Reading
Lyft (LYFT) Shares Skyrocket In Premarket, What You Need To Know Cover Image
NASDAQ LYFT Why It Moves
Lyft (LYFT) Shares Skyrocket In Premarket, What You Need To Know

Adam Hejl 2023/03/28 1:00pm

What Happened: Shares of Ride sharing service Lyft (NASDAQ: LYFT) jumped 5.02% in the pre-market session after it named David Risher, a former Amazon and Microsoft executive and co-founder of Worldreader, as its new CEO effective April 17. Risher, who joined Lyft's board in July 2021, helped Amazon grow from a small online bookstore to a retail giant and received a permanent thank-you from Jeff Bezos on its website. Logan Green and John Zimmer, who started the company and held the positions of CEO and President, will shift to the board as Chair and Vice Chair, giving up their executive responsibilities, effective April 17 and June 30, respectively. ... Continue Reading Continue Reading
Lyft (NASDAQ:LYFT) Misses Q3 Sales Targets, Stock Drops Cover Image
NASDAQ LYFT Earnings
Lyft (NASDAQ:LYFT) Misses Q3 Sales Targets, Stock Drops

Radek Strnad 2022/11/07 9:13pm

Ride sharing service Lyft (NASDAQ: LYFT) missed analyst expectations in Q3 FY2022 quarter, with revenue up 21.9% year on year to $1.05 billion. Guidance for the next quarter also missed slightly analyst expectations with revenues guided to $1.15 billion at the midpoint, or 0.43% below analyst estimates. Lyft made a GAAP loss of $422.2 million, down on its loss of $71.5 million, in the same quarter last year. ... Continue Reading Continue Reading