Lyft Tumbled Nearly 18% in Morning Trading After Posting Its Disappointing Financial Results

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Lyft Tumbled Nearly 18% in Morning Trading After Posting Its Disappointing Financial Results

Tiger Newspress2022-11-08

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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mightytrader
·2022-11-09
[Cry]
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KYBoo
·2022-11-08
Gih
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