Lyft Stock Rises on Positive Q4 Forecast

Reported 18 days ago

Lyft reported third quarter revenues of $1.52 billion, exceeding estimates, and provided an optimistic Q4 outlook with expected gross bookings between $4.28 billion and $4.35 billion, surpassing Wall Street's projection. The company's EBITDA guidance also exceeded expectations, leading to a significant stock increase in after-hours trading.

Source: YAHOO

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