Lyft raised its 2019 sales outlook as more riders use the service and the company appears to be curbing discounts. Shares rose 11% after hours.
Lyft Inc. raised its sales outlook for the year as more riders are using the service and as it appears to be curbing its heavy use of discounts.
The San Francisco-based ride-hailing company now projects 2019 revenue to be $3.47 billion to $3.5 billion, compared with a previous range of $3.275 billion to $3.3 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Post raises 2019 forecast after price hikesDeutsche Post on Tuesday said it expects a further improvement in earnings in th...
Read more »
Mother took Lyft to dispose of 4-year-old's body in a dumpster, authorities sayBaltimore mother charged in the death of her 4-year-old son searched for trash collection sites on her phone before taking a Lyft to dispose of the boy's body in a dumpster, prosecutors say.
Read more »
Lyft will move double digits on earnings, says the options marketOptions traders are expecting a big move in Lyft when it reports earnings Wednesday afternoon for only the second time as a publicly traded company.
Read more »
Lyft soars after lower-than-expected losses and strong guidanceLyft beat analysts' expectations across the board for its second quarter trading on public markets.
Read more »
Uber and Lyft earnings battle could be replacing the price warRide-hailing market rookies Uber Technologies Inc. and Lyft Inc. will slug it out this week with earnings, but the most prominent topic could be a war...
Read more »
Security start-up Cybereason raises $200 million from Japan's SoftBankBoston-based security start-up Cybereason said Tuesday it raised $200 million in fresh funds from Japan's SoftBank Group Corp and its affiliates.
Read more »