Lyft shares rose in extended trading on Tuesday after the ride-hailing company reported better-than-expected earnings and gave guidance that topped estimates.
Revenue: $1.22 billion, vs. $1.22 billion expected by analysts, according to LSEG.
Gross bookings for the first quarter will be $3.5 billion to $3.6 billion, topping analyst estimates of $3.46 billion, according to StreetAccount.
Gross bookings for the year increased 14% to $13.8 billion, while bookings for the quarter rose 17% to $3.7 billion.
Prior to Tuesday's report, Lyft shares were down 19% to start 2024.
Persons:
Lyft, Gross, Uber, David Risher
Organizations:
Los Angeles International Airport, Revenue, Tuesday's
Locations:
Los Angeles, LSEG