Lyft Stock News

Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time, but the first-quarter outlook fell short of Wall Street''s expectations. Uber forecast lower-than-expected adjusted profit in the first three months of 2022, as the Omicron coronavirus variant dampened travel demand in January. Smaller U.S. rival Lyft Inc issued a similar warning on Tuesday.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Ride-hailing platform Lyft announced its earnings for Q4 2021 and FY2021 after the bell on Tuesday, turning in its first-ever profitable year in terms of adjusted earnings before interest, taxes, depreciation and amortization. The company reported a figure of $92.9 million after a loss of more than $750,000 in 2020. A sizable chunk of that profit came during Q4. Adjusted EBITDA for the fourth quarter of 2021 was $74.7 million, up from losses of $150 million in Q4 2020 and topping Lyft''s record-high gains of $67.3 million in Q3 2021. Also reaching record highs in the fourth quarter were Lyft''s contribution margin and revenue per active rider. Contribution (defined by Lyft as revenue less cost of revenue adjusted to exclude several metrics, such as amortization of intangible assets) for Q4 2021 was $578.8 million on a margin of 59.7%, up more than 4 percentage points year-over-year and surpassing the company''s outlook of 59%.

Lyft is rallying on earnings. Uber reports tomorrow. Here''s how both charts look now.

LYFT Inc (NASDAQ: LYFT) shares traded higher by 2.7% on Wednesday after the company reported a fourth-quarter revenue beat despite disappointing rider growth. Lyft reported fourth-quarter adjusted EPS

These are the stocks posting the largest moves in midday trading.

Lyft (LYFT) stock is gaining speed on Wednesday after the ride-sharing company revealed results for its fourth quarter of 2021.

American futures rose slightly as investors reacted to the relatively strong quarterly results from several companies. On Tuesday, Lyft said that its

NEW YORK , Feb. 9, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNDL, F, PHUN, LYFT, and NCLH. Full story available on Benzinga.com

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Wednesday Market Open) No news may be good news as equity index futures are pointing to a higher open on another day of light economic announcements. There are several earnings announcements but no big companies that are likely to have far-reaching effects on the market. The higher premarket move could be an impressive follow up to yesterday’s rally. Crude oil prices and yields were lower before the market open which appears to be helping equity futures. Lower oil and yields are helping reduce investor fears as the Cboe Market Volatility Index (VIX) was 3.5% lower in premarket trading and nearing 20. Many of the earnings reports this morning are positive, starting with Toyota (NYSE: TM). The automaker reported better-than-expected earnings and revenues. TM had to cut its production targets due to the semiconductor shortage, but the stock was relatively unmoved in premarket trading.

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Shares of Lyft (LYFT) fell as much as 7% in extended trading after the ride hailing company issued disappointing fourth quarter earnings. Lyft reported fewer riders than analysts expected in the fourth quarter as the Omicron variant of Covid-19

It isn't an easy environment for a growth fund. Sometimes it's best to just avoid the worst performers.

Earnings reports continued to move the market on Wednesday.

Lyft and Uber remain locked in a Game-of-Thrones-style battle to the bitter end, despite facing huge challenges that a Lyft-Uber tie-up could potentially fix.