Tuesday but said it made strides in growing its active ridership. The stock initially spiked on the news before turning mostly flat.Loss per share:While analysts' non-comparable estimate of a $1.81 loss per share for Lyft's first quarter per Refinitiv's survey of analysts could have been on the low-end due to a lack of data typical of a company fresh on the public market, Lyft's loss is still significant.
The steep loss still marks an improvement from Lyft's year-ago quarter, when Lyft reported a non-GAAP loss of $11.40 per share. For its second quarter, Lyft said it expects to report revenue between $800 million and $810 million. It guided total revenue between $3.275 billion and $3.3 billion for the full fiscal year.
Despite the skepticism on the public exchange, Lyft has continued to grow its user base over the first quarter of its fiscal year. The company said it had 20.5 million active riders in the quarter compared to 14 million in the first quarter of 2018. It also saw increased revenue per active rider at $37.86 compared to $28.27 for during the same quarter last year.
almost a 10.00 loss per share you have to be crazy to even think of putting your money in Lyft or Uber they said themselves that they may never be profitable
Ok.... Give it time... Didn't Amazon have the same issues?
敬请朋友们关注我的账号及推文，揭露民族败类刘云山中宣部卖国集团“雇佣叫花子穷鬼北韩犬，统治中国人民，制造虚假舆论，攻击侮辱诬陷习近平王岐山”的卖国求辱罪行！谢谢！
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »