Lyft (LYFT) Stock Falls 6% Despite Strong Q4 Revenue
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Lyft (LYFT) PT Lowered to $54 at Susquehanna
February 9, 2022 6:23 AM ESTSusquehanna analyst Shyam Patil lowered the price target on Lyft (NASDAQ: LYFT) to $54.00 (from $80.00) while maintaining a Positive rating following results.
The analyst commented, "Omicron has unsurprisingly impacted ridesharing demand, driving the 1Q guide below expectations. However, LYFT is still cautiously optimistic that... More
Uber (UBER) Trades Lower in Sympathy with Lyft (LYFT) Following Lyft Results
February 8, 2022 4:48 PM ESTUber (NYSE: UBER) Trades Lower in Sympathy with Lyft (NASDAQ: LYFT) Following Lyft Results
Lyft Down 6.3%Uber Down 1.75%... MoreLyft's weak rider numbers, Omicron hit outweigh first full-year profit
February 8, 2022 4:17 PM ESTBy Tina Bellon and Nivedita Balu
(Reuters) -Lyft Inc's first full-year adjusted profit and a spike in pricey airport trips were overshadowed by a drop in ridership due to Omicron, which management on Tuesday warned would persist into the first quarter and drag down profit.
The projected hit to first-quarter revenue and profit sparked a 6% drop in Lyft shares in after-hours trading. Shares of larger rival Uber Technologies Inc, which reports results on Wednesday, dropped 1.3%.
Lyft said it expected first-quarter revenue of between $800 million and $850 million, a decline of up to $170 million compared with the last... More
Lyft (LYFT) Q4 Revenue Tops Consensus
February 8, 2022 4:08 PM ESTLyft (NASDAQ: LYFT) reported Q4 revenue of $969.9 million versus the consensus estimate of $939.06 million.
Active... More
