Lyft Tumbled Nearly 35% in Morning Trading After Posting Its Disappointing Financial Results

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Lyft Tumbled Nearly 35% in Morning Trading After Posting Its Disappointing Financial Results

Tiger Newspress2023-02-10

Lyft, Inc. tumbled nearly 35% in morning trading after posting its disappointing financial results.

It expects first-quarter revenue of $975 million. The company also said adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, in the fourth quarter was a loss of $248.3 million.

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wankoi
·2023-02-11
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