Tags archives: lyft

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 Lyftโ€™s revenue surpassing analystsโ€™ estimation, the companyโ€™s shares failed as much as 4.4 percent before rallying to recoup some of those losses. Compared with last yearโ€™s adjusted net loss of $228.4 million, Lyft recorded an adjusted net loss of $211.5 million for the quarter. And while the Lyftโ€™s lack of profitability continuous to become a major co...