Lyft trims losses, issues upbeat Q3 guidance

06:02pm, Tuesday, 08'th Aug 2023
Lyft (LYFT) issued third quarter guidance that was better than expected. Revenue in the second quarter was in-line with analyst estimates, but adjusted earnings of $0.16 was much better than the $0.01

Lyft wants to kill surge pricing

05:46pm, Tuesday, 08'th Aug 2023
Lyft has been cutting fares in order to secure more riders, and it's working. Bu that success has come with a (literal) cost.
"No doubt, this is a big step in the right direction after what's been an epic disaster the last few years," Wedbush Senior Equity Research Analyst Dan Ives says while reacting to Lyft reporting earni
Lyft shares fell despite the ride-share company raising its third quarter outlook above Wall Street estimates and posting an earnings beat for the second quarter after the closing bell on Tuesday. F
Ride-hailing service Lyft Inc. on Tuesday reported a surprise second-quarter adjusted profit, helped by summer travel and a return to offices, and gave a third-quarter sales forecast that was above ex
Lyft forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts and a post-pandemic rebound in ride-sharing demand to cushion the impact of a price war
Before U.S. markets opened on Monday, Tyson Foods posted earnings per share (EPS) and revenue that both missed consensus estimates.

Lyft Q2 Preview: Can Results Drive Shares Higher?

07:32pm, Thursday, 03'rd Aug 2023
The Q2 earnings season has been primarily positive so far, with many companies exceeding expectations and helping to lift sentiment.
Uber recorded a first-ever operating profit in its history, with earnings per share beating expectations in Q2.
Lyft is struggling with operational challenges and cost structure, while Uber is experiencing strong growth and market share gains. Uber has a larger market opportunity, formidable market leadership a

Is There Any Hope Left for Lyft Stock?

10:15am, Wednesday, 26'th Jul 2023
A lack of profitability is the major issue at the ride-hailing car service. The board recently brought in new management to fix its bloated expense structure.
Lyft has lowered ride prices after laying off over 1,000 corporate employees this spring. As a result, it has claimed some market share from rival Uber, the Wall Street Journal reported.

Lyft open to selling bike, scooter business

06:50pm, Monday, 24'th Jul 2023
Lyft said Monday it might sell or find a strategic partner for its bikes and scooters unit as the ridesharing company races Uber for more share of the market.
Lyft is looking to either sell its fleet of 68,000 bikes and scooters or partner with an investor who can fund the division in CEO David Risher's latest effort to close the gap between Lyft and rival
CNBC's Deirdre Bosa joins 'Power Lunch' with Lyft CEO David Risher to discuss his first 100 days in the position.
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