Lyft posts large loss in its first quarterly report as a public company

Lyft reported a loss per share of $9.02, adjusted.

While analyst estimates for Lyft’s first quarter could have been on the low-end due to a lack of data typical of a company fresh on the public market, Lyft’s loss is still significant.

The steep loss still marks an improvement from Lyft’s year-ago quarter, when Lyft reported a non-GAAP loss of $11.40 per share.

. . .

Loss per share: $9.02, adjusted

Revenue: $776 million, versus $739.4 million expected, per Refinitiv

https://www.cnbc.com/2019/05/07/lyft-earnings-q1-2019.html

Submitted May 07, 2019 at 04:07PM by pipsdontsqueak http://bit.ly/2H2pFDM