Lyft, Inc. tumbled nearly 18% in morning trading after posting its disappointing financial results.
Its active riders rose 7.2% to 20.3 million in the third quarter, the smallest quarterly growth recorded so far this year, revenue per active rider increased 13.7% to $51.88.For the fourth quarter, the company expects revenue between $1.15 billion and $1.17 billion, while analysts expect $1.17 billion.
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