Lyft (LYFT) PT Lowered to $20 at Barclays

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Lyft (LYFT) Surges on Record Earnings, Analysts Praise Improved Operating Efficiencies

August 5, 2022 6:25 AM EDT

Shares of Lyft (NASDAQ: LYFT) are up more than 10% in premarket trading Friday after the company reported its highest-ever earnings and said volumes are on track to surpass pre-COVID levels.

Lyft reported a loss per share of $1.08 in the second quarter. Adjusted net income rose to $46.4 million, significantly above the expected loss of $14 million. Revenue came in at $990.7... More