Lyft Announces Strong Third Quarter Results
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Lyft (LYFT) Stock Soars on Solid Results and Improving Driver Supply, Analysts Positive
November 3, 2021 7:44 AM EDTShares of Lyft (NASDAQ: LYFT) are up over 13% in pre-open Wednesday after the ride-sharing company reported Q3 earnings.
Lyft reported Q3 EPS of $0.05, better than the analyst estimate of a loss of $0.03. Revenue for the quarter came in at $864.4 million versus the consensus estimate of $863.17 million. Active riders came in at 18.9 million compared to the 19.7 million expected while revenue per active rider hit record levels - $45.63 vs $43.89 expected.
We... More
Lyft (LYFT) PT Lowered to $58 at Stifel
November 3, 2021 6:22 AM EDTStifel analyst Scott Devitt lowered the price target on Lyft (NASDAQ: LYFT) to $58.00 (from $63.00) while maintaining a Hold rating.
The analyst commented, "Lyft reported 3Q top-line results slightly ahead of our estimates and management's guidance issued last quarter, and in-line with Street expectations.... More
Lyft (LYFT) Q3 Revenues Beat Modeslty
November 2, 2021 4:11 PM EDTLyft (NASDAQ: LYFT) reported Q3 EPS of ($0.21), which may not compare to the analyst estimate of ($0.03). Revenue for the quarter came in at $864.4 million versus the consensus estimate of $863.17 million.
We had a great quarter. Driver supply materially improved in Q3, up nearly 45%... More
