Lyft (LYFT) shares soared over 20% in extended trading Wednesday after the company reported better-than-expected quarterly results and raised its outlook.
Lyft (LYFT) has joined rideshare rival Uber (UBER) in signing a number of partnerships with autonomous driving software makers to bring "robotaxis" to its platform.
CNBC's Deirdre Bosa joins 'Closing Bell Overtime' to talk Lyft earnings.
Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership with Mobileye Global Inc.
Lyft forecast current-quarter gross bookings above estimates after beating September-quarter sales on Wednesday as more people return to offices, indicating steady demand for ride-hailing services.
Lyft (NASDAQ: LYFT) and Mobileye (NASDAQ: MBLY) have announced a partnership to advance the widespread commercialization of autonomous vehicle (AV) services. Mobileye will provide its AV technology, integrated into vehicles by specialized manufacturers, to enable large-scale deployment by fleet operators and transportation providers.
Lyft, Inc. LYFT will release earnings results for its third quarter, after the closing bell on Wednesday, Nov. 6.
Lyft said on Wednesday it will partner with Mobileye and two other companies in the robotaxi industry to bring self-driving cars onto its ridehail platform and bolster research and development in the sector.
It seems Lyft is hoping to catch up to Uber's string of autonomous vehicle partnerships.
Lyft's third-quarter results are expected to be boosted by strong rideshare market. This is likely to have boosted the company's top line.
Lyft Inc (NASDAQ:LYFT) is gearing up for its latest earnings report, due out after the close on Wednesday, Nov. 6.
Lyft (LYFT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.