Why Lyft Stock Was Climbing Today
LYFTLyft(LYFT) The Motley Fool·2024-05-09 01:42

The ride-hailing stock reported solid revenue growth, and the future looks bright. Shares of Lyft (LYFT 5.42%) were moving higher today after the nation's No. 2 ridesharing company delivered solid first-quarter results, bouncing back from the pandemic and showing that recent cost-cutting efforts were paying off. As of 12:18 p.m. ET, the stock was up 5.5% on the news. Lyft is gaining steam The ride-hailing specialist said gross bookings in the quarter were up 21% to 3.7billion,drivingrevenueup283.7 billion, driving revenue up 28% to 1 ...