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.
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