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Lyft, Inc. (NASDAQ:LYFT) stock climbed after the company released its third-quarter earnings report after Wednesday's closing bell, beating EPS estimates.
Here's a look at the details in the report.
The Details: Lyft reported quarterly earnings of 11 cents per share, which beat the consensus estimate of seven cents.
Quarterly revenue came in at $1.68 billion, which missed the analyst consensus estimate of $1.69 billion.
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Lyft reported the following Q3 highlights:
“Our Q3 results prove that Lyft’s comeback strategy is working,” said CEO David Risher.
“We once again smashed records, announced more autonomous vehicle partnerships, and last month, acquired a world-class luxury chauffeuring company, furthering our customer-obsessed approach to growth. We have multiple catalysts converging to drive momentum and scale across the business,” Risher added.
LYFT Stock Price: According to data from Benzinga Pro, Lyft stock was up 2.60% at $20.60 in Wednesday's extended trading.
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Posted In: LYFT