Lyft shares jump on earnings beat, guidance
Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.
Stay updated with breaking news from David Risher. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.
Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.
: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 stock rocketed upwards of 60% higher after hours before settling to still-solid gains of around 18%
Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.