Lyft posts Q2 earnings beat, stock falls on weak Q3 guidance

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Earnings Per Share Nyheter

Sverige Senaste nytt,Sverige Rubriker

Rideshare platform Lyft (LYFT) reported second-quarter earnings that beat expectations on both revenue and profit. The company posted revenue of $1.44...

) reported second-quarter earnings that beat expectations on both revenue and profit. The company posted revenue of $1.44 billion, topping estimates of $1.39 billion. Additionally, adjusted earnings per share came in at $0.24, surpassing the projected $0.18.

And the results that we got this week as well that seems, uh, synonymous are a common denominator for both of these companies here.I mean, take a look at the fact that they did like you were talking about record driver supply record riders.They had a profit of post a quarterly profit by metrics here of just around 5 million.

I think that maybe shows that consumers are still willing to spend on experiences, but again, just missing what the street was looking for, and that's a big reason why you're looking at shares under a bit of pressure today.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Disney, Warner Bros. Discovery, Lyft earnings: What to WatchMarket Domination Overtime Co-hosts Julie Hyman and Josh Lipton break down what to watch for on Wednesday, August 7. The media industry will be in focus as...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »