Earnings

Lyft earnings Q1 2022

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A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020.

Mike Blake | Reuters

Shares of Lyft lost more than a quarter of their value in after-hours trading Tuesday after the company provided light second-quarter guidance and warned investors it will have to keep spending on driver incentives.

Here are the key numbers:

  • Earnings per share: 7 cents adj. vs loss of 7 cents expected in a Refinitiv survey of analysts
  • Revenue: $876 million vs $846 million expected by…



Source cnbc.com

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