Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California.
Mario Tama | Getty Images
Lyft shares soared 50% in extended trading on Tuesday after the ride-hailing company reported better-than-expected earnings and gave guidance that topped estimates.
Here’s how the company did:
- Earnings: 18 cents per share, adjusted, vs. 8 cents estimated by analysts, according to LSEG, formerly Refinitiv.
- Revenue: $1.22 billion, vs. $1.22 billion expected by analysts, according to LSEG.
Revenue increased 4% from $1.175 billion a year earlier, Lyft said.
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