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Lyft shares rise as company ups buyback to $750 million
LYFTLyft(LYFT) CNBC·2025-05-08 20:21

Lyft CEO David Risher poses for a portrait in New York City, U.S., April 16, 2025.Lyft shares jumped 5% after the company lifted its share buyback plan to 750millioninitsfirstquarterearningsreport.Shareswereashighas10750 million in its first quarter earnings report.Shares were as high as 10% post-earnings.Here's how the ridesharing company did:Earnings: 1 cent per shareRevenue: 1.45 billion vs. 1.47billionestimatefromLSEGRevenuesgrew141.47 billion estimate from LSEGRevenues grew 14% from a year ago to 1.45 billion. The company reported net income of $2.57 million, or 1 cent per share. That's up from a n ...