Lyft stock up 17 per cent on cost cuts after wild ride on company s forecast error cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
:Lyft beat estimates for quarterly profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as it cut costs and became more competitive with larger rideshare rival Uber.Shares were up 17 per cent in late afterhours trade, despite a major gaffe: Lyft's said incorrectly
Lyft inadvertently overstated its margin target for this year, a mistake that could have been avoided if the company had just communicated in plain English.
At the season opener of the IMSA WeatherTech SportsCar Championship (IMSA series), the Daytona 24 Hours (USA), the BMW M Team RLL missed the hoped-for podium finishes with the BMW M Hybrid V8. Although the two LMDh cars were able to keep up with the speed of their competitors and stay in the leading group of the GTP category until into the night, technical problems then set both prototypes back. Paul Miller Racing had reason to celebrate. The North American BMW M Motorsport team finished t.