Lyft shares soared 50% in extended trading on Tuesday after the ride-hailing company reported better-than-expected earnings and gave guidance that topped estimates.
Here’s how the company did:
Earnings: 18 cents per share, adjusted, vs. 8 cents estimated by analysts, according to LSEG, formerly Refinitiv.
Revenue: $1.22 billion, vs. $1.22 billion expected by analysts, according to LSEG.
Revenue increased 4% from $1.175 billion a year earlier, Lyft said.
Source: https://www.cnbc.com/2024/02/13/lyft-shares-soar-on-earnings-beat-guidance.html
