Reported about 7 hours ago
Lyft's stock plummeted in after-hours trading after the company released its fourth-quarter earnings, which showed a revenue of $1.55 billion, slightly below expectations. The company anticipates an adjusted EBITDA of $90 million to $95 million for the first quarter, also below Wall Street predictions. Additionally, Lyft's gross bookings forecast fell short of analyst estimates, despite announcing a $500 million share buyback plan.
Source: YAHOO