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 ...

Lyft said it has made several improvements for drivers in its latest product update, the Early 2024 Release.The rideshare platform’s latest release addresses key concerns such as earnings, deactivations and safety, Lyft said in a Tuesday (Feb. 6) blog post.“We take driving as seriously as drivers do,” David Risher, CEO of Lyft, said in the post. “That’s why we spend so much time listening to drivers and getting behind the wheel ourselves. We’ve heard lots of feedback around consistent themes — earnings, dea ...

Lyft (LYFT) is scheduled to report fourth-quarter 2023 results on Feb 13, after market close.The company has an impressive earnings surprise history, having surpassed Zacks Consensus Estimate in three of four quarters and missing in one, the average beat being 255.88%.The Zacks Consensus Estimate for LYFT’s soon-to-be reported quarter’s earnings has been unchanged in the past 60 days at 8 cents per share.We expect Lyft's performance in the to-be-reported quarter to have been boosted by an uptick in total re ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Lyft is ensuring that its drivers, who have complained about pay transparency, will earn at least 70% of rider fares each week and will know exactly the breakdown of where the rider's fare goes. As part of its 2024 release, the ride-share company announced on Tuesday that its new standard ensures drivers will earn a minimum of 70% of rider fares each week after external fees, such as local taxes and government-mandated insurance, get taken out.In 2023, drivers earned on average 88% of rider fares each week. ...

Lyft (NASDAQ:LYFT) stock is slipping on Thursday after Goldman Sachs downgraded the ridesharing company’s shares today.That downgrade has analyst Eric Sheridan dropping LYFT stock from a “buy” rating to a “neutral” rating. Investors will note that this matches the analysts’ consensus rating of hold based on 28 opinions.Despite that downgrade, the Goldman Sachs analyst increased the firm’s price target for Lyft from $12 per share to $15 per share. That represents a potential increase of 12.4% from yesterday’ ...