Lyft (LYFT) Shares Tumble After-Hours Following Q3 Revenue Miss

Lyft (LYFT) PT Lowered to $13 at Susquehanna

November 8, 2022 7:22 AM EST

Susquehanna analyst Shyam Patil lowered the price target on Lyft (NASDAQ: LYFT) to $13.00 (from $23.00) while maintaining a Neutral rating.

The analyst commented, "LYFT reported generally OK headline numbers, the KPIs were a bit mixed and the guide was a bit softer. Though... More

Lyft (LYFT) Reports Q3 Adjusted Net Income of $36.7M

November 7, 2022 4:07 PM EST

Lyft (NASDAQ: LYFT) reported Q3 adjusted net income of $36.7 million. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06 billion.

GUIDANCE:

Lyft sees Q4 2022 revenue of $1.15-1.17 billion.

For earnings history and earnings-related data on Lyft (LYFT) click here.

... More

Lyft (LYFT) Set For 'Big Print and Guide Ahead' - Wedbush

November 4, 2022 2:10 PM EDT

Ahead of Lyft's (NASDAQ: LYFT) earnings report, Wedbush analyst Daniel Ives said in a note that a big print and guide is ahead.

On Monday, November 7, after the close, Lyft will report its FY3Q22 results.

Ives, who has an Outperform rating and a $25 price target on Lyft, said they expect generally solid results, which "should beat the Street on... More

Lyft (LYFT) PT Lowered to $36 at JPMorgan

November 4, 2022 4:13 AM EDT

JPMorgan analyst Doug Anmuth lowered the price target on Lyft (NASDAQ: LYFT) to $36.00 (from $40.00) while maintaining a Overweight rating.... More

Lyft (LYFT) PT Lowered to $35 at Credit Suisse

November 4, 2022 3:47 AM EDT

Credit Suisse analyst Stephen Ju lowered the price target on Lyft (NASDAQ: LYFT) to $35.00 (from $46.00) while maintaining a Outperform rating.... More

Lyft (LYFT) Confirms it is Cutting 13% of Staff - Maintains Guidance

November 3, 2022 12:17 PM EDT

Lyft (NASDAQ: LYFT) is cutting 13% of its workforce or approximately 683 employees, the company said in a filing on Thursday.

It is the second round of job cuts at the ride-hailing firm in recent months. In July, the company cut about 60 jobs... More

Lyft (LYFT) confirms termination of 13% of work force, maintains guidance

November 3, 2022 12:10 PM EDT

(Updated - November 3, 2022 12:12 PM EDT)

Lyft (NASDAQ: LYFT) disclosed:

On November 3, 2022, Lyft, Inc. (the Company) confirmed there have been no changes to its previously issued guidance regarding: its third quarter 2022 revenues, Contribution Margin and Adjusted EBITDA, and its 2024 financial targets for $1 billion in Adjusted EBITDA with more than $700 million in free cash flow. These targets were issued during the Companys second quarter 2022 earnings conference call on August 4, 2022. The... More

Lyft (LYFT) to Lay off 13% of Staff in Second Round of Layoffs -DJ

November 3, 2022 11:42 AM EDT

Lyft (NASDAQ: LYFT) to Lay off 13% of Staff in Second Round of Layoffs -DJ

Cut Hundreds of Job Cuts as Soon as Thursday... More