Summary : SAN FRANCISCO (AP) _ Lyft Inc. (LYFT) on Thursday reported a loss of $377.2 million in its second quarter.
The San Francisco-based company said it had a loss of $1.08 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 12 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
SAN FRANCISCO (AP) _ Lyft Inc. (LYFT) on Thursday reported a loss of $377.2 million in its second quarter.
The San Francisco-based company said it had a loss of $1.08 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 12 cents per share.The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. The ride-hailing company posted revenue of $990.7 million in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $998.5 million. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYFT at https://www.zacks.com/ap/LYFT
