Lyft (LYFT) PT Lowered to $35 at Credit Suisse
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Lyft plunges 20% as analysts say earnings confirm market share losses to Uber
November 8, 2022 4:49 AM ESTShares of Lyft (NASDAQ: LYFT) are down over 19% in pre-open Tuesday trading after the company reported third-quarter results and issued guidance.
Lyft reported an adjusted net income of $36.7 million, beating the $28.1 million consensus. Revenue came in at $1.05 billion, slightly below the $1.06 billion analyst estimate. The number of active riders jumped over 7% to 20.31 million, but still below the consensus of 21.1 million.
We have taken decisive steps to ensure we can deliver profitable growth, and we are even more confident in... More
Lyft (LYFT) Shares Tumble After-Hours Following Q3 Revenue Miss
November 7, 2022 4:20 PM ESTLyft (NASDAQ: LYFT) shares have tumbled in after-hours trading after the company released its third-quarter results, missing revenue consensus expectations.
The ride-hailing company posted a third-quarter adjusted net income of $36.7 million, while revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06... More
Lyft (LYFT) Set For 'Big Print and Guide Ahead' - Wedbush
November 4, 2022 2:10 PM EDTAhead of Lyft's (NASDAQ: LYFT) earnings report, Wedbush analyst Daniel Ives said in a note that a big print and guide is ahead.
On Monday, November 7, after the close, Lyft will report its FY3Q22 results.
Ives, who has an Outperform rating and a $25 price target on Lyft, said they expect generally solid results, which "should beat the Street on... More
