- Company News: Lyft (LYFT) posts smaller-than-expected quarterly loss
Noticias del mercado
8 agosto 2019
Company News: Lyft (LYFT) posts smaller-than-expected quarterly loss
Lyft (LYFT) reported Q2 FY 2019 loss of $0.68 per share, better than analysts’ consensus estimate of -$1.00.
The company’s quarterly revenues amounted to $0.867 bln (+71.8% y/y), beating analysts’ consensus estimate of $0.810 bln.
The company also issued upside guidance for Q3 FY 2019, projecting revenues of $0.900-$0.915 bln versus analysts’ consensus estimate of. $0.841 bln.
For FY 2019, the company projected revenues of $3.47-$3.50 bln versus prior outlook of $3.275-$3.30 bln and analysts’ consensus estimate of $3.32 bln.
LYFT rose to $65.15 (+8.06%) in pre-market trading.
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