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

Market news

5 May 2021

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

Lyft (LYFT) reported Q1 FY 2021 loss of $0.35 per share (versus -$1.31 per share in Q1 FY 2020), being better than analysts’ consensus estimate of -$0.55 per share.

The company’s quarterly revenues amounted to $0.609 bln (-36.3% y/y), beating analysts’ consensus estimate of $0.555 bln.

LYFT rose to $59.60 (+6.07%) in pre-market trading.

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