Earnings

Lyft earnings Q3 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 closed down 22% on Tuesday, a day after the company reported worse-than-expected revenue for the third quarter, and active riders missed analysts’ estimates.

Here’s how the company did:

  • Earnings: 10 cents per share, adjusted, vs. 7 cents per share, according to analysts surveyed by Refinitiv
  • Revenue: $1.05 billion, vs. $1.06 billion, according to analysts surveyed by…



Source cnbc.com

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