Advertisement
Canada markets open in 6 hours 59 minutes
  • S&P/TSX

    22,265.05
    -108.35 (-0.48%)
     
  • S&P 500

    5,306.04
    +1.32 (+0.02%)
     
  • DOW

    38,852.86
    -216.74 (-0.55%)
     
  • CAD/USD

    0.7321
    -0.0016 (-0.21%)
     
  • CRUDE OIL

    80.12
    +0.29 (+0.36%)
     
  • Bitcoin CAD

    93,675.65
    +1,059.07 (+1.14%)
     
  • CMC Crypto 200

    1,450.12
    -34.58 (-2.33%)
     
  • GOLD FUTURES

    2,354.20
    -2.30 (-0.10%)
     
  • RUSSELL 2000

    2,066.85
    -2.82 (-0.14%)
     
  • 10-Yr Bond

    4.5420
    +0.0750 (+1.68%)
     
  • NASDAQ futures

    18,863.50
    -77.00 (-0.41%)
     
  • VOLATILITY

    12.92
    +0.56 (+4.53%)
     
  • FTSE

    8,254.18
    -63.41 (-0.76%)
     
  • NIKKEI 225

    38,556.87
    -298.50 (-0.77%)
     
  • CAD/EUR

    0.6745
    -0.0007 (-0.10%)
     

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