
Lyft Stock Rises 5% in Pre-Market as Firm Releases Q3 Earnings
Lyft’s active riders number grew from 8.7 million in Q2 to 12.5 million in Q3 while the revenue per active rider came in at $39.94.
Lyft’s active riders number grew from 8.7 million in Q2 to 12.5 million in Q3 while the revenue per active rider came in at $39.94.
However, Didi has not officially confirmed the IPO plans and a planned schedule has not been drafted.
Following the Q2 2020 earnings report, Lyft stock fell. On August 12, it closed 0.42% down, at $30.52 per share. In the pre-market trade today, it slightly declined.
Uber reported Q2 results including revenue that managed to beat analysts’ expectations but declined by 29% to $2.18 billion from $3.17 billion during the same period last year. Uber stock is down after hours.
Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.
Uber reported one of its worst quarterly performances during Q1 2020 registering a net loss of $2.9 billion. With its business going on a tailspin due to the global lockdown, the company plans to trim 17% of its workforce this year. Uber stock price is going up.
Lyft stock price started to rise yesterday after hours when the company revealed its Q1 report. The numbers are still not very impressive but Lyft is doing better than expected.
Lyft and Uber are expected to release their earnings reports this week. Which one of them will weather the COVID-19 storm? At the time of writing, their stocks are in red.
Despite its size, Alphabet is getting slapped around a bit this quarter along with the rest of the digital advertising space. However, GOOG stock may still be a good choice.
Airbnb hosts are complaining that those payments that they can get in the framework of the company’s coronavirus relief program are just a drop in the ocean.