Lyft Stock Is Soaring After Earnings. Here's Why
Lyft(LYFT) Kiplinger.com·2024-11-08 01:26
Lyft (LYFT) stock is racing up the price charts Thursday after the ride-sharing company beat top- and bottom-line expectations for its third quarter and raised its full-year outlook.In the three months ended September 30, Lyft's revenue increased 31.5% year over year to $1.5 billion, boosted by a 15.6% jump in gross bookings to $4.1 billion. Its earnings per share (EPS) improved 20.8% from the year-ago period to 29 cents."Our team delivered one of the strongest quarters in Lyft history, following the many n ...