Page 33 - David Risher News Today

Mobility company Lyft Inc (NASDAQ: LYFT) reported second-quarter financial results after the market close Tuesday. Here are the key highlights.

Ride-share company projects better-than-expected outlook for current quarter

(Bloomberg) -- Lyft Inc. shares fell after the company reported its slowest revenue growth in two years, overshadowing a better-than-expected outlook for earnings, as the company struggles to get its ridership back on track.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionMusk Says He May Need Surgery, Will Get MRI on Back and NeckWeWork Tumbles After Raising ‘Substantial Doubt’ About Fu...

Lyft made less money per active rider in the second quarter — something that might normally give investors pause. The company's enthusiastic investors seemed to be reacting to its positive outlook for its third fiscal quarter. While Lyft's Q2 revenue matched Wall Street estimates of $1.02 billion -- a mere 2% increase from the $1 billion in revenue Lyft pulled in Q1 -- the company forecasted a gain of 11% to 13%, or $1.13 billion to $1.15 billion, in Q3.

(Reuters) -Lyft signaled on Tuesday it would double down on competitive pricing to catch up with larger rival Uber, taking the shine off its strong earnings forecast and sending the company's shares down nearly 7% in extended trading. Under new CEO David Risher, Lyft has lowered ride fares and embarked on an aggressive cost-cutting drive to reduce Uber's growing lead in the North American ride-share market. But that strategy dragged down Lyft's revenue per active user by 5% to $...

Many workers enjoy the option of working from home.

Ubers CEO shares his thoughts about his competitors as the company posts a second-quarter profit.

DA Davidson analyst Tom White reiterated the Uber Technologies, Inc (NYSE: UBER) stock with a Buy rating and

/PRNewswire/ -- The Barbara Bush Foundation for Family Literacy is pleased to announce that Raquel A. "Rocky" Rodriguez has joined the nonprofits Board of...

The shares are still down more than 80% from their all-time highs.