News

Lyft couldn’t pivot to food delivery or overseas markets as the coronavirus decimated ride-hail in the US. Here’s what to expect from its earnings report.

Lyft will reveal its second-quarter financial results on Wednesday afternoon. Unlike Uber, which reported last week, Lyft didn’t have a delivery arm to lean on as the coronavirus decimated rides requests. Analysts expect the company to report its lowest revenues in more than three years. Visit Business Insider’s homepage for […]
Lyft couldn’t pivot to food delivery or overseas markets as the coronavirus decimated ride-hail in the US. Here’s what to expect from its earnings report.
News

Lyft fends off coronavirus fears to top Wall Street expectations

Lyft released first-quarter financials on Wednesday afternoon that easily topped expectations. The company’s revenue and total losses were better than Wall Street expected, and its stock price popped as much as 14%. The coronavirus pandemic has wreaked havoc for Lyft and Uber alike, as shelter-in-place orders across the country lead […]
Lyft fends off coronavirus fears to top Wall Street expectations
Tech

Lyft’s fourth quarter topped Wall Street’s expectations, but no update on its path to profitability left investors unenthused

Lyft on Thursday reported fourth-quarter 2019 results that topped Wall Street’s expectations. Shares of the ride-hailing company fell 4% immediately following the announcement. While revenue is still growing, Lyft’s losses ballooned by more than $US100 million year-over-year. Visit Business Insider’s homepage for more stories. Lyft on Tuesday reported fourth-quarter financial […]
Lyft’s fourth quarter topped Wall Street’s expectations, but no update on its path to profitability left investors unenthused
Markets

Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.

Uber reports third-quarter results after market close on Monday, November 4. After Lyft’s rosy results, Wall Street is expecting that Uber will have a similarly strong quarter as the competitive landscape cools for both ride-sharing companies Still, analysts caution investors that Uber’s post-initial public offering lockup period expires November 6, […]
Uber is set to report 3rd-quarter earnings on Monday. Here’s what 6 Wall Street analysts are saying ahead of the report.
Tech

Lyft is raising prices — and it’s going to hurt when you need it most

Lyft said Wednesday that it began raising prices in some places at the end of June. The company reported second-quarter earnings that blew past Wall Street expectations, and the fare hikes will likely help that continue. Executives didn’t say which cities or routes are seeing the raised rates, but the […]
Lyft is raising prices — and it’s going to hurt when you need it most
Tech

Lyft could turn a profit way quicker than everyone thought

Lyft’s second-quarter earnings blew past Wall Street estimates on Wednesday. The results led many analysts to upgrade the stock and raise their price targets. With revenue per rider increasing, it looks as if the company could turn a profit much sooner than anticipated. Visit Business Insider’s homepage for more stories. […]
Lyft could turn a profit way quicker than everyone thought
Tech

Lyft’s second quarter was way better than Wall Street expected

Lyft on Wednesday released its second-quarter earnings report, which beat Wall Street’s expectations on revenue and boosted guidance for 2019. Shares of the company surged as much as 10% in after-hours trading following the news. Follow the stock in real-time here. Visit Business Insider’s homepage for more stories. Lyft on […]
Lyft’s second quarter was way better than Wall Street expected
Tech

Wall Street expects Lyft to report a $300 million loss in the second-quarter today. Here’s what to expect from the ride-hailing company’s earnings report.

Lyft is set to report its second-quarter earnings on Wednesday afternoon. Wall Street expects the company to lose about $US1.70 per share on revenues of $US309 million. Analysts say the company is competing less with Uber on price and more on experience these days, which should help both become profitable. […]
Wall Street expects Lyft to report a $300 million loss in the second-quarter today. Here’s what to expect from the ride-hailing company’s earnings report.
News

Lyft says 2019 will be its ‘peak loss’ year

2019 will be Lyft‘s biggest year for financial losses, the company’s CFO said on Tuesday. Lyft reported its first quarterly earnings that showed accelerating growth in Q1 but also continued losses. Shares of the company rose about 3.6% in after-hours trading following the earnings release. Follow Lyft’s stock price in […]
Lyft says 2019 will be its ‘peak loss’ year