Lyft's price war with Uber yields mixed results
Lyft’s strategy of slashing ride-hail fares to compete with Uber has resulted in slow and steady gains for the company, but competition remains fierce.
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Lyft’s strategy of slashing ride-hail fares to compete with Uber has resulted in slow and steady gains for the company, but competition remains fierce.
Lyft, Inc. (NASDAQ: LYFT) shares are trading lower in Wednesday's after-hours session on the heels of the company's third-quarter earnings report.
(Bloomberg) -- Lyft Inc. reported revenue and profit that beat analysts’ estimates in the third quarter, but introduced a new performance metric that compared it unfavorably to larger rival Uber Technologies Inc.Most Read from BloombergWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are PricingIsrael Latest: Biden Says Gaza Hospital ‘Must Be Protected’China Weighs Ending Freeze on Boeing With 737 Max Deal in USStock T
An improved mix of airport rides, scheduled rides and priority pickups helped margin expansion, says Chief Financial Officer Erin Brewer
By Akash Sriram (Reuters) - Lyft forecast current-quarter core earnings above analysts' estimates and reported better-than-expected third-quarter reve...