Market Overview

Recap: HyreCar Q3 Earnings

Share:

Shares of HyreCar (NASDAQ:HYRE) decreased 6.16% after the company reported Q3 results.

Quarterly Results

Earnings per share were up 50.00% year over year to ($0.10), which beat the estimate of ($0.12).

Revenue of $6,814,000 rose by 83.67% from the same period last year, which beat the estimate of $6,440,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Nov 11, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/39ib5gda

Technicals

Company's 52-week high was at $5.15

52-week low: $0.88

Price action over last quarter: Up 28.48%

Company Profile

HyreCar Inc is a peer-to-peer car-sharing marketplace that allows car owners to rent their idle cars to ride-sharing service drivers. The company generates its revenue in the form of the transaction fees, an insurance fee, and from other sources such as referrals, motor vehicle record fees, late rental fees, and other fees charged to drivers in specific situations.

 

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Posted-In: Earnings