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Lyft may be reaching for a higher gear in the driverless race. The company is seeking to patent a method for matching autonomous...
Solid driver supply and strong liquidity aid Lyft (LYFT). However, rising expenses are worrisome.
Key Insights Significantly high institutional ownership implies Lyft's stock price is sensitive to their trading...
Lyft (LYFT) CEO David Risher has said that the rideshare company is 'open' to selling itself, but there's a kicker – there's no obvious acquirer.
LYFT continues to struggle, as evidenced by the 24.2% year-to-date decline in its shares.
The company said Paul, who has served as Lyft CFO since January 2022, was leaving on May 19, and announced Brewer's expected joining on July 10. Chief Accounting Officer Lisa Blackwood-Kapral will serve as finance chief in the interim. The changes come after Lyft forecast a dull second quarter earlier this month, as price cuts in its race with bigger rival Uber Technologies Inc to add more riders take a toll on margins.
SAN FRANCISCO, May 16, 2023--Lyft (Nasdaq:LYFT) today announced that Erin Brewer has been named Lyft’s Chief Financial Officer, effective July 10. Brewer replaces Elaine Paul, who is leaving Lyft but will remain as an advisor until November 30, 2023. Lisa Blackwood-Kapral, Chief Accounting Officer, will serve as interim CFO until Ms. Brewer’s start date.
Yahoo Finance Video discusses comments made by Lyft CEO David Risher that the ride-sharing company is open to acquisition bids and how the announcement may impact its competitor, Uber. Editor's note: Here's how this was originally reported by Bloomberg: Lyft Inc. isn’t actively pursuing a sale but would be open to offers, Chief Executive Officer David Risher said in an interview on Bloomberg Television, appearing to soften his view from earlier this year about a potential transaction. In response to a question Friday during the interview about whether the company was open to an acquisition, Risher said, “If someone calls, a public company has to be.” The CEO added that while Lyft was “not on the block,” the ride-hailing company would be “open to offers,” though he stopped short of saying it had received interest.
Lyft's (NASDAQ: LYFT) stock plunged 19% on May 5 after the transportation services provider posted its first-quarter report. Lyft cleared Wall Street's low bar, but its weak growth in active riders and soft guidance for the second quarter sank its stock. Should investors bet on a turnaround for Lyft, which now trades nearly 90% below its IPO price, in the next 12 months?
SAN FRANCISCO, May 08, 2023--Lyft, Inc. (Nasdaq: LYFT) announced today that David Risher, chief executive officer, will participate in a fireside chat at J.P. Morgan’s 51st Annual Global Technology, Media and Communications Conference on Monday, May 22, 2023 in Boston, MA. Mr. Risher is scheduled to appear at 10:40 a.m. Eastern Time.
Lyft (NASDAQ: LYFT) is cutting costs and making moves to improve profitability as it trails behind bigger rival Uber. Fool.com contributor and finance professor Parkev Tatevosian discusses why Lyft's stock price crash is not a buying opportunity.
The Yahoo Finance Live team discusses a sharp decline in Lyft stock over concerns about the company's turnaround strategy.
Yahoo Finance Live’s Julie Hyman summarizes three key topics to watch for this morning, including the April jobs report and the latest news involving Apple and Lyft.
Investing.com -- Stocks were bouncing higher on Friday after strong earnings from Apple and a rebound in regional bank stocks. Here are the market movers for May 5.
Lyft's (LYFT) first-quarter 2023 earnings and revenues increase year over year.
(Reuters) -Lyft Inc shares tumbled about 19% on Friday as the ride-hailing company's strategy to claw back market share from rival Uber with lower fares stoked concerns of a hit to its profit margins. At least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year. The company's market capitalization declined by nearly $800 million to about $3.3 billion, a far cry from the more than $24 billion valuation it commanded in its 2019 stock market listing.
Investing.com -- Stocks in focus in premarket trade on Friday, May 5th. Please refresh for updates.
On the call today, we have our CEO, David Risher; our CFO, Elaine Paul; and our co-founder and board chair, Logan Green. In addition, John Zimmer, our co-founder, president, and vice chair; and Kristin Sverchek, our president of business affairs, are here for the Q&A session. All forward-looking statements that we make on today's call are based on our beliefs as of today, and we disclaim any obligation to update any forward-looking statements, except as required by law.
Lyft (LYFT) delivered earnings and revenue surprises of 188.89% and 2.42%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live's Seana Smith examines several trending stocks in the after-hours trading session.
Ride-sharing firm Lyft reported its Q1 earnings on Thursday.
Yahoo Finance Live examines shares of ride-share service giant Lyft following its first-quarter earnings report.
Lyft Inc forecast a dull second quarter as price cuts in its race with bigger rival Uber to add more riders take a toll on margins, sending the shares of the ride hailing company down 14% in extended trading on Thursday. Under new CEO David Risher, Lyft is pushing hard to turn around its business by cutting costs even as it lowers prices to catch up with Uber, which has a larger global presence and a diversified source of revenue. "We view the guidance on the bottom line to be extremely disappointing after the announced cost cuts and given recent execution from larger peer Uber," said CFRA Research analyst Angelo Zino.
Investing.com - U.S. stock futures were trading higher during Thursday's evening trade after benchmark indices declined for the fourth consecutive session amid continuing banking stresses, while market participants monitored earnings results from tech giant Apple Inc.
Lyft (NASDAQ: LYFT) is having financial trouble just as Uber (NYSE: UBER) is getting its financial house in order. As Travis Hoium highlights in this video, there may be room for only one ride-sharing company, and Uber looks like the winner long term.