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Welcome to the Lyft earnings call for the second quarter of 2024. On the call today, we have our CEO, David Risher; and our CFO, Erin Brewer. We'll make forward-looking statements on today's call ...
In an earnings statement released after the bell, Lyft estimated its gross margin would expand by 500 basis points, or 5 percentage points. That sent the company’s stock shooting higher.
And not to get lost in the shuffle: Lyft reported solid earnings. In Q4, active riders rose 10% year over year, and the 191 million total rides reported is a gain of 26%. For all of 2023, rides ...
In terms of valuation, Lyft is trading at just 16 times its average Wall Street consensus-earnings per share (EPS) 2024 estimate of $0.74 as a forward price-to-earnings (P/E) ratio.
A Lyft vehicle in Santa Monica, California, with the original grill-stache branding, since retired. Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara ...
Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms ...
"Rideshare drivers work at all hours of the day and night to take people wherever they need to go," James said in a statement. "For years, Uber and Lyft systematically cheated their drivers out of ...
Lyft is stuck in a tough spot.On one hand, the company reported some key wins in its second quarter earnings this week, beating expectations for next quarter's revenue outlook.. On the other hand ...
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