Lyft: Q4 Earnings Insights

Shares of Lyft LYFT moved higher in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 11.32% year over year to ($0.59), which beat the estimate of ($0.72).

Revenue of $569,900,000 declined by 43.96% from the same period last year, which beat the estimate of $562,490,000.

Guidance

Lyft hasn't issued any earnings guidance for the time being.

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

Conference Call Details

Date: Feb 09, 2021

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/em52odut

Price Action

Company's 52-week high was at $54.75

Company's 52-week low was at $14.56

Price action over last quarter: Up 56.96%

Company Profile

Lyft is the second largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app. Lyft has recently entered the Canadian market, in efforts to expand its market outside of the U.S. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multi-modal transportation options to users.