Lyft Q4 earnings beat Wall Street expectations, Analyst Dan Ives breaks down why he’s bullish

Lyft Q4 earnings beat Wall Street expectations, Analyst Dan Ives breaks down why he’s bullish

#Lyft #Lyftearnings #Lyftstock
Yahoo Finance’s Seana Smith, Adam Shapiro, Brian Sozzi and Wedbush Analyst Dan Ives discuss Lyft Q4 earnings.

Lyft had a loss of $1.43 per share. Losses, adjusted for stock option expense and non-recurring costs, were 58 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.

The ride-hailing company posted revenue of $569.9 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $556.7 million.

For the year, the company reported that its loss narrowed to $1.75 billion, or $5.61 per share. Revenue was reported as $2.36 billion.

Lyft shares have climbed 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $53.64, decreasing slightly in the last 12 months.
For more on this article please visit:
For 2020 election results please visit:
Election results:

Subscribe to Yahoo Finance:

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Premium please visit:

Connect with Yahoo Finance:
Get the latest news:
Find Yahoo Finance on Facebook:
Follow Yahoo Finance on Twitter:
Follow Yahoo Finance on Instagram:
Follow Yahoo Finance Premium on Twitter:

More News Stories


More Political News