UBER - Why Is Uber Rival Stock Lyft Shooting Higher Wednesday? | Benzinga
Lyft, Inc (NASDAQ:LYFT) stock climbed over 32% Wednesday, a day after it reported its fourth-quarter financial results.
The Uber Technologies, Inc (NYSE:UBER) rival clocked quarterly sales of $1.225 billion, up by over 4% year-on-year, beating the consensus of $1.220 billion.
The gross bookings of $3.7 billion surged 17% year-over-year. Rides grew by 26% Y/Y to 191 million in Q4. The EPS of $0.18 beat the consensus of $0.08.
For the full year of 2024, Lyft expects rides growth in the mid-teens year-over-year. It expects to generate ...