Lyft on Wednesday released its earnings report for the third quarter, where it beat on both the top and bottom lines, as well as raised its revenue guidance for 2019. The stock fluctuated following the report and was up 1.4% in extended trading.
Here are the key numbers:
- Loss per share: $1.57 vs. $1.66, per Refinitiv estimates
- Revenue: $955.6 million vs. $915 million, per Refinitiv estimates
For the full year, Lyft now expects to report revenue between $3.57 billion and $3.58 billion, which is an increase from its prior guidance of $3.47 billion to $3.50 billion. The company also projected revenue between $975 million and $985 million for the fourth quarter, which significantly exceeds…