Goldman Sachs upgraded shares of Lyft to a purchase score following the corporate's third quarter earnings outcomes. In a observe to shoppers on Th
Goldman Sachs upgraded shares of Lyft to a purchase score following the corporate’s third quarter earnings outcomes. In a observe to shoppers on Thursday the agency mentioned that the ride-hailing firm is gaining market share and starting to point out operational efficiencies.
For the third quarter, Lyft reported a loss of $1.57, which was smaller than the $1.66 loss the Avenue had been anticipating, in accordance with estimates from Refinitiv. Income got here in at $956 million, which additionally topped the anticipated $915 million. Energetic rider numbers had been up 28% year-over-year and the corporate raised its full-year income steerage.