Lyft stock sinks on worries about outlook, pandemic uncertainty and growth

Business Hala2021-08-05

On Wednesday, a day after the ride-hailing company reported results Lyft, Inc.. U.S. shares fell sharply, including a 125% increase in revenue amid continued recovery from the COVID-19 pandemic, but ...

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Greenbull18
2021-08-05
Greenbull18
[Smile]
Favian
2021-08-05
Favian
yup
- Ultraviolet:
  Ok
henghm
2021-08-05
henghm
Like and comment
- Favian:
  okie
qwertytigger
2021-08-05
qwertytigger
Help like pls thanks
- henghm:
  like and comment
xoxoll
2021-08-05
xoxoll
Help me like
ashethen
2021-08-05
ashethen
Like please

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U.S. shares fell sha","collect":0,"end_time":0,"defaultTopTitle":"businesshala.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LYFT":"Lyft, Inc."},"translate_title":"Lyft股市因对前景、流行病不确定性和增长的担忧而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYFT":0.9},"content_text":"On Wednesday, a day after the ride-hailing company reported results Lyft, Inc.. U.S. shares fell sharply, including a 125% increase in revenue amid continued recovery from the COVID-19 pandemic, but softer than expected guidance.\nAfter up 6% in extended trading on Tuesday, Lyft shares fell more than 9% to $50.39 on Wednesday afternoon. They are on pace for their worst day since April 29, when they fell 9.94%.\nThe company continues to deal with the effects of the pandemic, which Chief Financial Officer Brian Roberts said on the earnings call was “not over yet, particularly with the return of restrictions in emerging variants and certain markets.”\nFull earnings coverage: Lyft sales more than doubled in ‘extraordinary’ quarter, but stock gains disappear after forecast.\nLyft expects to continue to spend on incentives to get drivers back on its platform and/or retain them, with Roberts saying they see a $30 million to $40 million hit on revenue in the third quarter from those incentives. are supposed to.\n“Comments about driver incentive investments going forward may scare some investors that the intensity could remain high until next year,” Brad Erickson of RBC Capital Markets wrote in a note to investors.\nBut he also reiterated his “outperform” rating on the stock, saying investors should be thinking longer: “We believe these forces are purely transitory and would urge investors to look next year where we expect.” are that Lyft will be on a path toward hundreds of millions of dollars of EBITDA.”\nMark Mahane of Evercore ISI, who also reiterated the outperform rating, wrote that “challenges remain, service levels (ie ride availability, wait times and ride pricing) are still not optimal. 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