Lyft Inc. (LYFT)
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.
Top 3 Industrials Stocks That Could Blast Off This Month
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Lyft (LYFT) Registers a Bigger Fall Than the Market: Important Facts to Note
Lyft (LYFT) closed the most recent trading day at $11.95, moving -1.24% from the previous trading session.
Lyft: First Wait For The Profits, Then Brace For The Upside (Rating Upgrade)
Lyft stock has underperformed this year despite strong financial performance and a high net cash position. Management has outlined ambitious 2027 targets that see the company sustaining aggressive top-line growth alongside expanding profit margins. The stock is trading at a steep discount compared to close competitor Uber, presenting high potential upside if management executes against its targets.
Lyft President Kristin Sverchek to Leave Company After 12 Years
Lyft President Kristin Sverchek will leave the company as an employee on Aug. 20 after serving in leadership roles for 12 years. Sverchek will serve as a non-employee adviser to the company through Nov. 30, Lyft said in a Tuesday (July 23) filing with the Securities and Exchange Commission (SEC).
