Reported 17 days ago
Lyft's stock surged by 30% after the company reported a record 217 million rides for Q3 2024, exceeding expectations and reflecting a successful turnaround strategy. The rideshare firm also posted adjusted earnings of $0.29 per share and quarterly revenue of $1.5 billion, beating Wall Street estimates. Despite facing challenges competing with Uber, Lyft plans to expand its services by leveraging partnerships in food delivery and autonomous vehicles.
Source: YAHOO