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.
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This post was written by Angel Smith