DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Erin Brewer - 6 Lyft - 5 David Risher - 2 Risher - 2 Gross - 2 New York CNN — - 1 Jerome Powell - 1 Dow - 1
Top related locs:
New York December’s “ ” New York City California Los Angeles , California U.S
Top related orgs:
CNN Business - 1 Bell - 1 New York CNN - 1 Federal Reserve - 1 Nasdaq - 1 of Labor Statistics - 1 BLS - 1 Treasury - 1

Search resuls for: "Erin Brewer"


7 mentions found


☆ Wall Street learns an important lesson. Don’t fight the Fed
  + stars: | 2024-02-14 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
That sudden volatility highlights something that we often write about in Before the Bell: the major mismatch between policymaker and investor expectations for interest rate cuts this year. Federal Reserve officials, including Chair Jerome Powell, have repeatedly said they envision at most three rate cuts in 2024. Wall Street, meanwhile, has ignored those warnings and has opted to practice unflinching optimism instead. It’s not the first time they’ve had to learn an important lesson: Don’t fight the Fed. Bad for the markets, good for the Fed: Markets clearly don’t often take kindly to higher-for-longer interest rates, which can negatively impact earnings and stock prices.
Persons: New York CNN —, Jerome Powell, Dow, It’s, they’ve, Don’t, –, ”, Quincy Krosby, Arnim Holzer, José Torres, Chris Zaccarelli, doesn’t, ” Carl Icahn, Carl Icahn, Icahn, Chris Isidore, JetBlue’s, Samantha Delouya, Lyft, Erin Brewer Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, of Labor Statistics, BLS, Treasury, LPL, Fed, Interactive Brokers, CPI, Independent, Alliance, JetBlue, Spirit Airlines, Analysts Locations: New York, December’s, “, ”
☆ Lyft shares up 16% in premarket trade, retaining some gains after forecast error
  + stars: | 2024-02-14 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
A Lyft sign is seen in the pick-up area at JFK Airport in New York City on April 28, 2023. Lyft shares were 16% higher in premarket trade on Wednesday, retaining some gains after the company said it made a major error in a press release reporting its latest results, but still outperformed analyst estimates. A release initially said the company was forecasting a 500 basis point, or 5%, expansion of its adjusted earnings margin for 2024. Lyft stock initially shot up more than 60% higher in extended trade after the report, before cooling significantly on the correction. The company's full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) swung from a $416.5 million loss to a $222.4 profit.
Persons: Erin Brewer, Cowen, Lyft's Organizations: JFK Locations: New York City
☆ Lyft CEO takes blame for 'extra zero that slipped' into earnings release
  + stars: | 2024-02-14 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +2 min
Lyft CEO David Risher took responsibility for the major error that appeared in the company's fourth-quarter earnings release late Tuesday, telling CNBC's "Squawk Box" that it's "super frustrating" for everyone on the team. It is an extra zero that slipped into a press release." Lyft reported $1.22 billion in revenue for the quarter, an increase of 4% from $1.175 billion a year earlier. In a note titled, "Lyft: We all make mistakes," analysts at MoffettNathanson raised their rating on the shares to neutral from sell. "Typos aside, we too are guilty of a mistake," the analysts wrote, citing their downgrade on the stock in October.
Persons: David Risher, CNBC's, Lyft, Erin Brewer, Risher, we've, Gross, MoffettNathanson, — CNBC's Ari Levy
☆ Lyft CEO says 'unacceptable' earnings error was 'my bad'
  + stars: | 2024-02-14 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +2 min
Lyft CEO David Risher apologized for a typo that led to a 60% stock surge. AdvertisementLyft's CFO can breathe easy — her boss isn't making her the fall person for a major earnings typo. "There are a lot of eyes on this press release, but at the end of the day, my bad." "It's an unacceptable error," Risher said. Within seconds of realizing the error, the CEO said Lyft quickly corrected the mistake.
Persons: David Risher, Risher, —, isn't, Lyft, Erin Brewer, it's Organizations: Service, Bloomberg, Wall
☆ A typo in Lyft’s earnings release sends stock soaring – briefly
  + stars: | 2024-02-13 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +1 min
CNN —A typo in Lyft’s fourth-quarter earnings report caused the rideshare company’s stock to surge and then dramatically reverse course on Tuesday. In an earnings statement released after the bell, Lyft estimated its gross margin would expand by 500 basis points, or 5 percentage points. That sent the company’s stock shooting higher. On Lyft’s earnings call, held shortly after the release, the company’s chief financial officer, Erin Brewer, provided the correct estimate. “This is actually a correction for the press release,” Brewer said.
Persons: Lyft, Erin Brewer, ” Brewer, “ We’ve Organizations: CNN
☆ Lyft beats third-quarter estimates, bookings underperform rival Uber
  + stars: | 2023-11-08 | by ( Akash Sriram | Thomson Reuters | Akash Reports On Technology Companies In The United States | ) www.reuters.com   time to read: +2 min
REUTERS/Mike Blake Acquire Licensing RightsNov 8 (Reuters) - Lyft (LYFT.O) reported third-quarter revenue and profit surpassing estimates on Wednesday, but gross bookings growth was lower than larger rival Uber's (UBER.N) ride-hailing business. "Softening macro conditions will likely impact Lyft more than its larger peer, Uber," said Angelo Zino, senior equity analyst at CFRA Research. Brewer added that an improved mix of airport rides, scheduled rides and priority pickups also helped margin expansion. Lyft forecast current-quarter adjusted core profit, a key profitability metric closely watched by investors, of $50 million-$60 million, higher than expectations of $48.8 million, according to LSEG data. Lyft said it expects fourth-quarter revenue to grow in mid-single-digits sequentially, compared with market expectation of 4.6% growth, according to Reuters calculations.
Persons: Uber, Mike Blake, Gross, Lyft, Angelo Zino, YipitData, Erin Brewer, Brewer, Akash Sriram, Krishna Chandra Organizations: REUTERS, CFRA Research, Reuters, Thomson Locations: California, Los Angeles , California, U.S, Bengaluru
☆ Lyft says CFO Paul to step down, appoints replacement
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +1 min
May 16 (Reuters) - Lyft Inc (LYFT.O) said on Tuesday Erin Brewer will replace chief financial officer Elaine Paul, who is leaving the ride hailing company months after a new CEO was appointed. The company said Paul, who has served as Lyft CFO since January 2022, was leaving on May 19, and announced Brewer's expected joining on July 10. Chief Accounting Officer Lisa Blackwood-Kapral will serve as finance chief in the interim. Brewer has previously served as the managing director, enterprise finance, at Charles Schwab & Co and head of strategy and finance at software company Atlassian. Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
0 next >>
Total: 7