The ride-hailing company reported revenue of $1 billion for the quarter ending in March, marking a 14% year-over-year increase and beating Wall Street estimate’s. But the company forecast weaker-than-expected revenue for the current quarter, which was enough to jitter investors. Shares of Lyft plunged nearly 15% in after-hours trading Thursday following the earnings results.
On a conference call with analysts on Thursday to discuss the results, Risher said Lyft is currently at “an inflection point” as people return to pre-pandemic social habits. “I am very aware of our current levels of growth and profitability are not acceptable,” Risher said on the call, his first as CEO. “I am committed to growing Lyft into a large, durable, profitable business, that our riders, drivers and shareholders love, and I look forward to keeping you informed on our progress.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
White House unveils an AI plan ahead of meeting with tech CEOs | CNN BusinessThe White House on Thursday announced a series of measures to address the challenges of artificial intelligence, driven by the sudden popularity of tools such as ChatGPT and amid rising concerns about the technology's potential risks for discrimination, misinformation and privacy.
La source: CNN - 🏆 4. / 95 Lire la suite »
White House warns debt default could wipe out 8 million jobs, plunge stock market | CNN BusinessWhite House economists warned on Wednesday that a protracted debt default would cause the loss of more than 8 million jobs and cut the stock market in half.
La source: CNN - 🏆 4. / 95 Lire la suite »
First Horizon stock tumbles 50% after TD Bank merger collapses | CNN BusinessFirst Horizon and TD Bank have called off a $13 billion deal that would have formed America's sixth-largest bank, adding to the turmoil sweeping the country's regional lenders.
La source: CNN - 🏆 4. / 95 Lire la suite »
Why the Fed will likely raise rates two days after First Republic failed | CNN BusinessFor the second time this year, the Federal Reserve is gearing up to raise interest rates right after a bank failure.
La source: CNN - 🏆 4. / 95 Lire la suite »
Starbucks' new CEO lays out improvement plan | CNN BusinessDuring his first earnings call as the new Starbucks CEO, Laxman Narasimhan praised the company for its financial performance. He outlined how he thinks stores can better meet demand. He didn't mention the unionizaton drive sweeping through stores, however.
La source: cnni - 🏆 326. / 59 Lire la suite »