Uber and Lyft bring to mind the oft-quoted Robert Frost poem.You know the one — about two roads that diverged.The rest of the poem is about the woods, the path not taken … but more than a century after its publication, it proves apt for online platforms, for the digital age.Uber and Lyft’s most recent earnings spotlight the divergent paths the two companies have taken through the past few years. In broad strokes, both companies seek to match supply and demand, as any platform does. Lyft is focused on ride-h ...

Uber stock tumbled Wednesday after the ride-share and food delivery company reported a surprise first-quarter loss and a weak outlook moving forward — while shares of e-hail rival Lyft went into overdrive after reporting a notable year-over-year acceleration in its latest earnings.Uber was down nearly 6%, to around $65 after the opening bell, as the the company also forecast gross bookings — a key metric that indicates the total dollar value of transaction on the platform — in the second quarter below Wall ...

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 "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 year in the driver's seat at Lyft I'm thrilled to see all the ways that our customer obsession drives profitable growth." "We continue to see demand for our platform increase and our Q1 results reflect this: we delivered strong top-line growth and ...

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 ...