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

Market news

11 November 2020

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

Lyft (LYFT) reported Q3 FY 2020 loss of $0.89 per share (versus -$0.41 per share in Q3 FY 2019), being slightly better than analysts’ consensus estimate of -$0.90 per share.

The company’s quarterly revenues amounted to $0.500 bln (-47.7% y/y), beating analysts’ consensus estimate of $0.489 bln.

LYFT rose to $38.33 (+6.32%) in pre-market trading.

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