News Formal

Lyft Soars on Earnings Outlook Bolstered by Record Trips

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 20 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 50%

Business Nachrichten

Consumer Goods,Retail,Consumer Discretionary

Lyft Inc. shares surged in late trading after issuing strong earnings guidance for both this quarter and the full year, signaling that the ride-hailing service’s plan to attract more commuters is working.

-- Lyft Inc. shares surged in premarket trading after the company issued strong earnings guidance for both this quarter and the full year, signaling that the ride-hailing service’s plan to attract more commuters is working.

Shares of Lyft surged 21% in premarket trading before exchanges opened in New York. The shares had closed 4.4% higher at $14.40 on Wednesday. Lyft reported that 24.4 million unique riders took 217 million trips in the three months ended September, a record for both metrics. It reported a $12.4 billion net loss, smaller than the $15.4 billion deficit that investors had projected.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 83. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Uber and Lyft gain on Tesla Cybercab miss, Big Bank earnings: Yahoo FinanceUber (UBER) and Lyft (LYFT) stocks surge after Tesla’s (TSLA) Cybertaxi event failed to impress investors. The three major indexes (^DJI,^GSPC, ^IXIC) are...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Tilray CEO Irwin Simon Discusses Q1 Earnings and Company OutlookTilray recently reported its first quarter earnings, revealing a narrower-than-expected loss but falling short of revenue estimates. CEO Irwin Simon joins Market Domination to discuss the report and share his outlook on the company.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Q3 earnings outlook, VP Harris's 'Care Economy' : Market Domination OvertimeToday on Market Domination Overtime, hosts Julie Hyman and Josh Lipton dive into a diverse array of market developments, including: - Wall Street's...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Air Canada shares rise on buybacks and earnings despite revenue hitAir Canada's stock traded more than 10 per cent higher after it announced a share buyback program, an earnings beat and a higher earnings outlook.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »