ToplineLyft shares jumped as much as 66% in after-hours trading Tuesday after a typo in its latest earnings report suggested one measure of the company’s profitability could greatly increase this year—though the stock has since plateaued at around 16% above its closing price, after Lyft revealed the increase was exaggerated by a factor of 10.Lyft reported an increase in revenue from the same quarter in 2022. (Photo by Mat Hayward/Getty ... [+] Images)Getty Images Key FactsLyft closed at $12.12 per share, bu ...

Tuesday, February 13th, 2024Well, we saw it happen in real time ahead of the opening bell today: modest selling in pre-market activity gave way to a mid-three-figure sell-off on the Dow, which was in-line with the S&P 500’s selloff by the closing bell. The blue-chip index dropped -524 points, -1.35%, while the S&P was -1.37%, while the tech-heavy Nasdaq had an even worse session, -286 points, -1.80%. The biggest loser was just yesterday’s biggest winner, the small-cap Russell 2000, which plummeted -4.15% to ...

Lyft (LYFT) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 137.50%. A quarter ago, it was expected that this ride-hailing company would post earnings of $0.13 per share when it actually produced earnings of $0.24, delivering a surprise of 84.62%.Over the last four quarters, the company h ...

Lyft beat estimates for fourth-quarter profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as the ride-share platform reaps the benefits of heavy cost cuts.Company shares surged nearly 60% in extended trading but erased a third of those gains after the CFO corrected a major mistake in the earnings report. Erin Brewer had said that the company would grow by 500 basis points (5%) in 2024, but later said that the real increase would be a factor of 10 lower – 50 basi ...

Ride-hailing firm Lyft (NASDAQ:LYFT) saw its shares surge 62% in after-market trading, following its Q4 earnings announcement on Tuesday, Feb. 13.The San Francisco-based company surprised markets with a “beat and raise” quarter. Quarterly revenues of $1.224 billion beat estimates of $1.219 billion by 0.4%, while adjusted earnings per share of 18 cents beat expectations of 8 cents by 125%.CEO David Risher attributed this success to the company’s ambitious goals and customer-centric approach. “In 2024, we’ll ...

Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California.Lyft shares soared 50% in extended trading on Tuesday after the ride-hailing company reported better-than-expected earnings and gave guidance that topped estimates. Here's how the company did:Earnings: 18 cents per share, adjusted, vs. 8 cents estimated by analysts, according to LSEG, formerly Refinitiv.Revenue: $1.22 billion, vs. $1.22 billion expected by analysts, according ...

Ride-hailing platform Lyft Inc. on Tuesday said that it expected two key demand metrics to come in above Wall Street’s expectations for the year ahead, and that it expected to turn out positive free cash flow for the first time over that period. The company made those forecasts after carrying out big staff cuts over the past two years, but also as more people used Lyft LYFT, -2.18% more often during last year’s holiday quarter as travel picked up and workers sought out the service for their commutes. But th ...

ToplineA Lyft feature that pairs women and non-binary riders with other women and non-binary drivers is expanding nationally as Lyft aims to help those users feel safer amid concern about rideshare safety—while potentially recruiting more women and nonbinary drivers.In this Feb. 12, 2020, photograph, a sign for the car sharing service Lyft stands near a pickup zone ... [+] outside the Pepsi Center in downtown Denver. (AP Photo/David Zalubowski, File)Copyright 2020 The Associated Press. All rights reserved. ...

Wall Street is abuzz over the upcoming Uber (NYSE:UBER) Strike this Valentine’s Day, Feb. 14. Indeed, Both Uber and Lyft (NASDAQ:LYFT) drivers plan to cease driving in major U.S. and Canadian cities this Wednesday in protest of declining pay, driver safety and more, according to Business Insider. Twenty cities will experience the ride-share strike, including San Francisco, Chicago, Boston and Toronto. The strike is planned as an all-day affair on historically one of the busiest days for the industry. Ridesh ...

An organization representing rideshare drivers and delivery workers is organizing a strike on Valentine’s Day (Wednesday, Feb. 14).Justice for App Workers is calling on drivers to not take rides to or from airports in 10 markets, according to a page on its website dedicated to the strikes.“Uber, Lyft and delivery drivers are tired of being mistreated by the app companies,” the group said on the site. “We’re sick of working 80 hours/week just to make ends meet, being constantly scared for our safety, and wor ...