Connect with us

Business

Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter – CNBC

Lyft showed continued signs of pandemic recovery, beating on the top and bottom lines and exceeding Wall Street’s rider expectations for its first quarter.

Published

on

Article feature image

Ride-hailing company Lyft showed continued signs of pandemic recovery in its first-quarter earnings report Tuesday. The company beat on the top and bottom lines and exceeded Wall Street’s rider expectations for the quarter.
Shares of Lyft were up 7% in after-hours trading following the report.
Here are the key numbers Lyft reported:

  • Loss per share: 35 cents vs. 53 cents per share expected in a Refinitiv survey of analysts
  • Revenue: $609 million vs. $558.7 million expected by Refinitiv
  • Active riders: 13.49…

Click here to view the original article.