Tuesday, May 7th, 2024We were flat in regular market trading this Tuesday. That said, the Dow’s gain of +0.08% for the session marks the index’s fifth-straight higher close. The S&P 500 notches its fourth-straight up day, +0.13%. The Nasdaq broke its three-day winning streak with a marginal down ward move to -0.10%, while the small-cap Russell 2000 outperformed the field at +0.19%. Year to date, all four indices are back up into the green, led by the Nasdaq (+10%) and the S&P (+9%).Today ushered in a new Ap ...

Lyft (LYFT) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this ride-hailing company would post earnings of $0.08 per share when it actually produced earnings of $0.19, delivering a surprise of 137.50%.Over the last four quarters, the compa ...

Q1 Fiscal 2024 Earnings lyA 22.4 21.9 19.6 21.5 22.4 +10% YoY +8% YoY +10% YoY +10% YoY +12% YoY | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|-------|---------------|--------------------|--------------------|--------------------|--------------------|--------------------| | $50 | $55 | $59 | $23 \n0.7% Margin | $41 \n1.2% Margin | $92 \n2.6% Margin | $67 \n1.8% Margin | $59 \n1.6% Margin | | Outlook Q1'24 | | Actual Q1'24 | Q1'23 | Q2'23 | Q3'23 | Q4'23 | Q1'24 | 2 3 Gross Bookings: $3 ...

Lyft stock (NASDAQ:LYFT) has jumped in the after market hours following the release of its first-quarter earnings report, which surpassed market expectations. The positive earnings report helped Lyft recoup the losses incurred today due to the compromise rideshare driver pay rates in Minnesota.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Earlier today, Minnesota lawmakers and the Minneapolis City Council reached a compromise on rideshare driver pay ...

Exhibit 99.1 Lyft Announces Results for First Quarter 2024 Q1 Rides and Gross Bookings Growth Exceed 20% Year-Over-Year Expects Higher Cash Generation for Full-Year 2024 SAN FRANCISCO, CA, May 7, 2024 - Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the first quarter ended March 31, 2024. “Lyft is off to a strong start in 2024. We are executing well and bringing much-needed innovation to the market. That’s why drivers and riders are choosing Lyft more often,” said CEO David Risher. “After a ...

It's only been a year since David Risher took charge of a company that was struggling to match rideshare giant Uber's dominance.  Risher told FOX Business that his biggest challenge in revitalizing the company and establishing it as a prominent player in the industry is "fighting inertia." "The inertia of staying home rather than getting out to connect with friends; the inertia of using the same old rideshare app instead of trying something new and better," Risher told FOX Business.  UBER, LYFT TO LEAVE MIN ...

LYFT Inc. (LYFT) is scheduled to report first-quarter 2024 results on May 7 after market close.The company has an impressive earnings surprise history, having surpassed Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 502.75%. The Zacks Consensus Estimate for LYFT’s soon-to-be reported quarter’s earnings has been unchanged in the past 60 days at 9 cents per share.Given this backdrop, let’s see how things have shaped up for Lyft this earnings season.We expect Lyft's perf ...

As market jitters are still upon us, investors may be looking for viable buy-the-dip prospects and among them, ride-sharing companies Lyft (LYFT)   and Uber Technologies (UBER)  may be considered. After all, Lyft and Uber’s stock have soared over the last year and are both up +20% in 2024.Let’s see if there could be more short-term upside in Lyft or Uber shares and if their stocks should be considered after a market correction.Image Source: Zacks Investment ResearchGrowth Trajectories Concentrating on its c ...

Uber and Lyft delayed plans to pull their businesses out of Minneapolis on May 1 after the city council pushed back an effective date to increase the minimum wage by two months.Minneapolis City Council unanimously passed the extension to July 1 for the increased minimum hourly wage during a Thursday meeting, according to CNN.The delay gives lawmakers time to hash out a compromise with Uber and Lyft, which said they were going to end operations in Minneapolis if the drivers’ wages were lifted to the equivale ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A ride share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles, Jan. 12, 2016. The ride-hailing companies Uber and Lyft said they will delay their plans to stop operating in Minneapolis after city officials decided Wednesday, April 11, 2024, to delay an ordinance requiring increased pay rates fo ...