Lyft forecasts strong quarterly earnings as ride-hailing demand picks up [Reuters]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Reuters
companies Uber and Lyft follow California law and grant drivers "basic employee rights'', in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake/File Photo May 7 (Reuters) - Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday, driven by robust demand for its services and benefits from new user and driver features. It also reported first-quarter revenue and core profit above expectations, sending its share up 10% in extended trading. Lyft has been luring consumers with shortened wait times for some pre-scheduled rides and drivers with while trimming costs to boost profitability. Since CEO David Risher took charge last April, the company has , reduced the firm's losses, and managed to keep fare increases in check. Lyft slashed costs by 13% and narrowed its net loss by 78% in 2023. The company's shares rose 36% over the last year. Reuters Graphics Lyft is benefiting from the industry-wid
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UBER
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UBER
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 144
- 5/15/24 - Form 4
- UBER's page on the SEC website