Company News: Lyft (LYFT) reports smaller-than-expected quarterly loss

Market news

13 August 2020

Company News: Lyft (LYFT) reports smaller-than-expected quarterly loss

Lyft (LYFT) reported Q2 FY 2020 loss of $0.86 per share (versus -$0.68 per share in Q2 FY 2019), better than analysts’ consensus estimate of -$0.97 per share.

The company’s quarterly revenues amounted to $0.339 bln (-60.9% y/y), missing analysts’ consensus estimate of $0.349 bln.

LYFT fell to $30.49 (-0.10%) in pre-market trading.

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