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The company's overall revenue exceeded expectations, coming in at $10.13 billion versus analysts' estimate of $10.11 billion, per LSEG. Lyft – The ride-sharing company surged 5% after the company reported faster-than-expected growth in the first quarter. Lyft reported $1.28 billion in revenue, higher than the FactSet consensus of $1.16 billion. Arista Networks – Shares jumped 7% after the company reported better-than-expected first quarter results. Teva Pharmaceuticals — Shares advanced nearly 14% after the company reported better-than-expected revenue in the first quarter.
Persons: Lyft, FactSet, Rivian, Coupang, LSEG, Twilio, , , Samantha Subin, Tanaya Macheel, Michelle Fox, Alex Harring Organizations: Technologies, Revenue, LSEG, Intel, Department of Commerce, Huawei, Lyft, Electronic Arts, EA, Farfetch, Arista Networks –, Arista, Dutch Bros, Bros, Pharmaceuticals, Management Locations: China, Korea
Reddit reported a loss of $8.19 per share on $243 million of revenue. Analysts surveyed by FactSet were expecting a loss of $8.75 per share on $214 million of revenue. Electronic Arts – The video game stock fell more than 3% after disappointing results for the fiscal fourth quarter. Cirrus Logic posted fourth-quarter adjusted earnings of $1.24 per share, exceeding the 64 cents per-share earnings analysts polled by StreetAccount anticipated. Match projected between $850 million and $860 million of revenue, while analysts surveyed by StreetAccount were looking for $882.7 million.
Persons: Reddit, FactSet, StreetAccount, Rivian, LSEG, , Fred Imbert, Michelle Fox Theobald, Yun Li, Sarah Min Organizations: Technologies, Arts, EA, Intel —, Intel, Department of Commerce, LSEG, Bros, Cirrus, Logic, Revenue, Arista Networks, Arista Locations: China
Lyft CEO David Risher told CNBC's Jim Cramer on Thursday said he's bullish on the company's "on-time pickup promise" program, which was launched before the busy holiday travel season. If we are more than ten minutes late, we will pay you up to $100 in Lyft cash." Risher said over the past few weeks, Lyft has given 2.5 million rides to the airport and only had to reimburse 72 rides for late pick-ups. "We just saw the results, just yesterday, of our most recent [employee satisfaction survey]," he said. "What that tells you is that the thousands and thousands – 3000 plus team members who work for Lyft – are starting to believe.
Persons: David Risher, CNBC's Jim Cramer, he's bullish, Risher, Lyft, Uber, Lyft –
Lyft – Stock in the rideshare giant fell 21% on Friday, after reporting quarterly results a day earlier. Coinbase – Shares of the cryptocurrency platform rose 17% after Wedbush reiterated an outperform rating on the stock earlier on Friday. The company reported beats on quarterly results a day earlier, with a smaller-than-expected loss of 34 cents per share. Wells Fargo upgraded the stock to equal weight from underweight, saying green shoots for Vans were becoming harder to ignore. Lucid is set to report quarterly results on May 8, and analysts polled by FactSet forecast a loss of 39 cents per share.
Lyft – Shares of Lyft plummeted 21% after the company's earnings report showed mixed results in the last quarter. SolarEdge Technologies – Shares of SolarEdge rose 18% after the company reported record revenue in its last quarter that beat analysts' expectations. Revenue fell short of estimates coming in at $967 million instead of $979 million. Perrigo – Shares of pharmaceutical company Perrigo slumped 16% after the company reported earnings and revenue that fell short of analysts' expectations, according to Refinitiv. The company reported $198.3 million in revenue, which beat expectations, according to StreetAccount.
Lyft – Lyft stock sank 13% after the ridesharing company reported mixed earnings results. Take-Two Interactive – Shares of software company Take-Two sank 15% after reporting a miss on revenue and lowering their guidance for the rest of the fiscal year. Tripadvisor – Shares of Tripadvisor sank more than 15% in after hours trading following a miss on earnings. The company reported adjusted earnings per share of 28 cents where analysts expected adjusted earnings per share of 38 cents, according to Refinitiv. Groupon – Groupon's stock fell 4.8% after the company reported earnings that disappointed on the top and bottom lines.
An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Las Vegas Sands, Wynn Resorts — Shares of the casino operators both soared about 11% after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. Chegg — Shares of the educational tech company jumped more than 6% after Needham upgraded the company to a buy rating from hold. Planet Fitness - The gym stock jumped 2% after Raymond James upgraded Planet Fitness to strong buy from market perform. Lyft – Shares of the ride hailing company fell about 3% after UBS downgraded the stock to neutral from a buy.
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