June 17, 2024
Lyft stock sinks as forecast falls short of estimates, while new CEO takes aim at Uber

Lyft stock sinks as forecast falls short of estimates, while new CEO takes aim at Uber

Lyft Inc. on Thursday reported first-quarter results that beat expectations, but a forecast that fell just shy of analysts’ estimates weighed on the company’s stock.

Lyft shares LYFT fell 15% after hours. They had dropped 1.8% in the regular session to close at $10.69 after a six-day positive streak. 

Lyft forecast second-quarter revenue of…

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