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

Market news

4 August 2021

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

Lyft (LYFT) reported Q2 FY 2021 loss of $0.05 per share (versus -$0.86 per share in Q2 FY 2020), better than analysts’ consensus estimate of -$0.25 per share.

The company’s quarterly revenues amounted to $0.765 bln (+125.5% y/y), beating analysts’ consensus estimate of $0.700 bln.

The company also guided for Q3 FY 2021 revenues of $0.850-0.860 bln versus analysts’ consensus estimate of $0.869 bln.

LYFT rose to $55.94 (+1.01%) in pre-market trading.

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