LYFT May 2024 16.500 call
| Previous Close | 0.5000 |
| Open | 0.6000 |
| Bid | 0.5100 |
| Ask | 0.8500 |
| Strike | 16.50 |
| Expire Date | 2024-05-03 |
| Day's Range | 0.6000 - 1.2100 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3.17k |
- Yahoo Finance Video
Uber sinks on Q1 loss while Lyft ridership increases
Shares of Uber (UBER) are trading lower Wednesday morning after the company posted its first quarter results, revealing gross bookings fell below estimates. However, revenue grew 15% year over year to $10.13 billion. In contrast, Lyft (LYFT) shares are rising as the company beat revenue expectations on the top and bottom line for its first quarter results. In addition, the company grew active ridership, exceeding expectations, at its fastest pace since 2022. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for both companies and what they could mean for the stocks moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Is Lyft on the road to recovery after topping Q1 estimates?
Lyft, Inc. (LYFT) beat first-quarter earnings estimates, reporting $1.28 billion in revenue, and pushing the stock higher in extended trading hours. D.A. Davidson Senior Research Analyst Tom White sits down with Market Domination Overtime to discuss the ride-hail company's latest earnings figures, as well as its growth in gross bookings and active rider counts. "We're seeing Lyft kind of recapture some share, part of that is due to some lower pricing that David Risher, the CEO, kind of implemented when he assumed the reins," White explains. "We're just trying to get a sense of whether or not these share gains are really sustainable or is this just kind of an inevitable kind of bit of recovery from a relatively depressed level of category share, and it's going to be hard for them to kind of meaningfully get to where they were, maybe pre-pandemic." White also weighs in on Uber's (UBER) earnings expectations as the Lyft competitor is scheduled to release results Wednesday morning. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Lyft stock pops on Q1 revenue beat, bookings growth
Shares of Lyft (LYFT) are trading higher Tuesday, as the company posted a first quarter earnings beat on revenue. The ride-sharing giant surpassed analyst expectations, reporting a revenue of $1.28 billion, beating the estimated $1.17 billion. Lyft's performance was boosted by growth in both gross bookings and active rider counts, which also surpassed estimates for the quarter. Yahoo Finance's Josh Lipton and Jared Blikre breaks down the details of the earnings report. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
