Lyft reported earnings for its fourth quarter of 2019 Tuesday that beat analyst estimates on revenue and active riders. The company also reported a lower than expected loss per share.
The stock fell as much as 5% after hours, likely because the company did not give an update on its profitability timeline as Uber did during its earnings report last week.
Here are the key numbers Wall Street expects:
- Loss per share: $1.19 vs. $1.39 expected, according to Refinitiv
- Adjusted EBITDA loss: $130.7 million reported, vs. $164 million estimated, according to Refinitiv consensus estimate
- Revenue: $1.02 billion reported vs. $984 million expected, according to Refinitiv consensus estimate
- Active riders:…
Source cnbc.com