Lyft Shares Plunge on Weak Earnings Outlook

Lyft said first-quarter revenue rose 44% to $876 million.Updated May 3, 2022 6:48 pm ET

Lyft Inc. said it would invest in the current quarter to ensure adequate driver supply and grow its ride-hailing platform, spooking investors as the spending weighs on operating profit. The ride-hailing company on Tuesday forecast adjusted earnings before interest, taxes, depreciation and amortization, its preferred metric of financial performance, of $10 million to $20 million. The figure represents a second sequential quarterly decline and missed Wall Street expectations by more than $50 million.

DeleteLyftApp CustServFAIL Lyft executives emails: tteaslyft.com, eburdullislyft.com, loganlyft.com lyft

So, stop using lyft

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Airbnb, Lyft, Starbucks and moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Consumer analyst shares advice on how to finance a college educationMany high school seniors now know where they're headed to college in the fall, but their next hurdle will be figuring out how to pay for it. We have expert advice from a consumer analyst:
Source: CBSNewYork - 🏆 268. / 63 Read more »

Blue Apron shares soar after $70.5 million in capital investment and refinancingBlue Apron Holdings Inc. undefined stock jumped 28.2% at the Monday opening after it announced capital investment and refinancing moves totaling a $70.5... If we consider a simple dollar cost averaging strategy since IPO of $APRN we find that it would netted a whopping 12% LOSS. $SPY S&P investment would have netted 9% profit.
Source: MarketWatch - 🏆 3. / 97 Read more »