Lyft, Inc. (NASDAQ: LYFT) shares are trading lower in Wednesday's after-hours session on the heels of the company's third-quarter earnings report. Here's what's happening.
What To Know: Lyft reported quarterly losses of three cents per share, well below the analyst consensus estimate of 13 cents, a 130% decrease over earnings of 10 cents per share from the same period last year.
The company reported quarterly sales of $1.16 billion, which beat the analyst consensus estimate of $1.14 billion by 1.54 percent, a 9.82% increase over sales of $1.05 billion in the same period last year.
Gross Bookings were up 15% year-over-year, coming in at $3.554 billion. ...