Why Lyft Stock Was Soaring Today
Lyft(LYFT) The Motley Fool·2024-11-08 03:42
Lyft posted strong growth in the third quarter.Shares of Lyft (LYFT 22.07%), the No. 2 ride-sharing company, were moving higher today after the company reported strong results in its third-quarter earnings report, including record trips.As of 1:39 p.m. ET, the stock was up 22.9%. Lyft is acceleratingLyft continues to deliver solid growth, with gross bookings up 16% in the quarter, driving revenue up 32% to $1.52 billion. This beat estimates at $1.44 billion, as the company deployed incentives to riders and ...