Lyft Soars on Earnings Outlook Bolstered by Record Trips

-- 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.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

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.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

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...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

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.
Fuente: SooToday - 🏆 8. / 85 Leer más »