Lyft (LYFT) Stock Falls 6% Despite Strong Q4 Revenue
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Lyft (LYFT) PT Lowered to $54 at Susquehanna
February 9, 2022 6:23 AM ESTSusquehanna analyst Shyam Patil lowered the price target on Lyft (NASDAQ: LYFT) to $54.00 (from $80.00) while maintaining a Positive rating following results.
The analyst commented, "Omicron has unsurprisingly impacted ridesharing demand, driving the 1Q guide below expectations. However, LYFT is still cautiously optimistic that... More
Uber (UBER) Trades Lower in Sympathy with Lyft (LYFT) Following Lyft Results
February 8, 2022 4:48 PM ESTUber (NYSE: UBER) Trades Lower in Sympathy with Lyft (NASDAQ: LYFT) Following Lyft Results
Lyft Down 6.3%Uber Down 1.75%... MoreLyft's weak rider numbers, Omicron hit outweigh first full-year profit
February 8, 2022 4:17 PM ESTBy Tina Bellon and Nivedita Balu
(Reuters) -Lyft Inc's first full-year adjusted profit and a spike in pricey airport trips were overshadowed by a drop in ridership due to Omicron, which management on Tuesday warned would persist into the first quarter and drag down profit.
The projected hit to first-quarter revenue and profit sparked a 6% drop in Lyft shares in after-hours trading. Shares of larger rival Uber Technologies Inc, which reports results on Wednesday, dropped 1.3%.
Lyft said it expected first-quarter revenue of between $800 million and $850 million, a decline of up to $170 million compared with the last... More
Lyft (LYFT) Q4 Revenue Tops Consensus
February 8, 2022 4:08 PM ESTLyft (NASDAQ: LYFT) reported Q4 revenue of $969.9 million versus the consensus estimate of $939.06 million.
Active... More
