Tags archives: lyft-shares

Lyft shares on Tuesday traded in a volatile fashion after the San Francisco-based ride-hailing company delivered its very first quarterly earnings report as a public company. Despite Lyft’s revenue surpassing analysts’ estimation, the company’s shares failed as much as 4.4 percent before rallying to recoup some of those losses. Compared with last year’s adjusted net loss of $228.4 million, Lyft recorded an adjusted net loss of $211.5 million for the quarter. And while the Lyft’s lack of profitability continuous to become a major co...