After the ride-sharing service revealed poor fourth-quarter performance and provided poor booking guidance as it cuts prices to compete, Lyft’s stock fell almost 7.9%.
Analysts surveyed by LSEG predicted $1.56 billion in revenue, but the company reported $1.55 billion.
From $1.22 billion a year earlier, revenue increased by 27%.
In contrast to a FactSet forecast of $4.32 billion, Bookings, which calculates the fees charged to passengers for rides and services, came in at $4.28 billion.
Source (CNBC)
