Lyft Launches Price Lock Subscription Amid Surge in Ridership
Ride-hailing platform Lyft on Wednesday (Aug. 7) announced performance benchmarks in the second quarter, reflecting strong engagement from both riders and drivers. The company reported a record 23.7 million active riders, representing a 10% increase from the previous year.
Why Is LYFT Stock Down Despite Surprise Q2 Profits?
Ride-sharing specialist Lyft (NASDAQ: LYFT ) is seeing shares plunge during the midweek session despite generally positive second-quarter earnings results. However, it appears that the market is responding to the minutia of the print, which left some questions.
Lyft shares suffer biggest fall in more than a year, even as it reports first quarterly profit
Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors.
Lyft's First-Ever Profit, but the Outlook Is a Speed Bump
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Lyft, Inc. (LYFT) Q2 2024 Earnings Call Transcript
Lyft, Inc. (NASDAQ:LYFT ) Q2 2024 Results Conference Call August 7, 2024 8:15 AM ET Company Participants Aurelien NOLF - VP, FP&A and Investor Relations David Risher - Chief Executive Officer Erin Brewer - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Ken Gawrelski - Wells Fargo Michael McGovern - Bank of America Brian Nowak - Morgan Stanley Brad Erickson - RBC Capital Markets Eric Sheridan - Goldman Sachs Stephen Ju - UBS John Colantuoni - Jefferies Nikhil Devnani - Bernstein Bernie McTernan - Needham & Company Operator Good morning, and welcome to the Lyft Second Quarter 2024 Earnings Call. [Operator Instructions].
Lyft swings to a profit on record rides, but its earnings outlook comes in light
Lyft Inc. turned its first GAAP profit in its latest quarter, while reporting a record number of rides and its largest quarterly haul of new drivers in years.
Lyft Stock Tanks As Weak Bookings Guidance Offsets First Quarterly Profit
Lyft (LYFT) shares plunged 13% intraday Wednesday as disappointing guidance outweighed the ridesharing company's first quarterly profit and record ridership numbers.
Lyft stock drops 13% after guidance disappoints
Shares in Lyft Inc (NASDAQ:LYFT) tanked 14% premarket after it provided lower-than-expected guidance for the current quarter and despite a maiden quarterly profit from the ride-hailing giant. In the three months ended June 30 (Q2), gross bookings grew by 17% to $4 billion, leading to a 41% rise in revenue to $1.4 billion.
Lyft (LYFT) Q2 Earnings and Revenues Beat Estimates
Lyft (LYFT) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.15 per share a year ago.
Lyft Stock Tumbles as Forecast Misses Estimates
The ride-hailing company posts its first-ever GAAP profit but issues a disappointing forecast.
Lyft posts maiden net profit in second quarter
Lyft reported better-than-expected revenue in the second quarter and posted a net profit for the first time on Wednesday, driven by a booming ride-share market and company-wide cost cuts last year.
Lyft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Lyft, Inc. LYFT is expected to release earnings results for its second quarter, before the opening bell on Wednesday, Aug. 7.
