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Lyft Stock Breaks Out After Earnings Beat
LYFTLyft(LYFT) Schaeffers Research·2024-02-14 15:16

The shares of LYFT Inc (NASDAQ:LYFT) are trading at their highest level since Dec. 18 this morning, last seen 30.4% higher to trade at 15.82followingabetter−than−expectedfourthquarterreportfromtheridesharecompany.Lyftissuedearningsof18centspershare,whichbeatestimates,whilerevenuewasinlinewithforecastsat15.82 following a better-than-expected fourth quarter report from the ride share company. Lyft issued earnings of 18 cents per share, which beat estimates, while revenue was in line with forecasts at 1.22 billion. The company also issued strong guidance, but had to correct an overstatement regarding its margin forecast.At least 15 analysts hiked their price target on LYFT ...