Shares of Lyft Inc Cl A (LYFT) are trading 9% higher at a price of $18.145 at the time of this writing.
- $0.13 (Beat by $0.17)
- EPS GAAP -$1.08 (Miss by -$0.51)
- Revenue: $990.75M (Beat by $2.61M)
Lyft Inc Cl A has been trading between a 52-week high of $57.68 and a 52-week low of $11.96. The stock has a market cap of $6.16 Billion.
Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Its transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app.
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08-05-22As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
crazyyimmy - 10 upvotes - source
“US Stocks wavered ahead of additional earnings…” Article proceeds to list LYFT, BYND, SPCE, and AMC. Glad to see someone finally recognizes these are the real canaries for health of the economy…
mpoozd - 7 upvotes - source
Today's earnings : * DASH * SQ * TWLO * FUBO * CNVA * NET * BYND * Z * LYFT * CHGG One of these could be 10 bagger, pick one randomly or go all in ![img](emote|t5_2th52|4276)
AssMoDai - 6 upvotes - source
My LYFT puts better lift me out of poverty. ![img](emote|t5_2th52|8880)
AssMoDai - 5 upvotes - source
Update: Lyft will not be lifting me out of poverty. ![img](emote|t5_2th52|8880)
Irrational_Agent - 5 upvotes - source
have some NET and LYFT shares in my retirement account that I got when I thought I was "buying the dip"... still gonna be down tomorrow ![img](emote|t5_2th52|4641) ![img](emote|t5_2th52|4271)
billyd1984texas - 3 upvotes - source
Lyft is gonna beat and break 20
Smart_Trade_Buy_Now - 3 upvotes - source
Lyft result today… u will see significant lift in Lyft stock… Uber Revenue doubles… so is Lyft
TRONCOIN - 3 upvotes - source
$LYFT- Looks like someone has access to the earning report and rushing to sell and short the stock. Put.
neutralpoliticsbot - 3 upvotes - source
Lyft with 350% IV could be a juicy target to collect some premium
huge_meme - 3 upvotes - source
The entire point of Doordash, Uber, lyft, etc is to destroy competition, lock down market share, get people hooked on their product, then raise prices. How much they make now is completely useless information.