Lyft Q3 EPS $(0.03) Misses $0.13 Estimate, Sales $1.16B Beat $1.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lyft reported Q3 earnings per share (EPS) of $(0.03), missing the analyst consensus estimate of $0.13 by 123.08%. This is a 130% decrease from the same period last year. However, the company's quarterly sales of $1.16 billion beat the estimate of $1.14 billion by 1.54%, marking a 9.82% increase from last year.
November 08, 2023 | 9:08 pm
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NEUTRAL IMPACT
Lyft's Q3 earnings missed estimates significantly, but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
Lyft's earnings miss is significant and could negatively impact the stock. However, the sales beat could offset this to some extent. The mixed results could lead to uncertainty and volatility in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100