Lyft Q2 2024 GAAP EPS $0.01 Beats $(0.03) Estimate, Sales $1.435B Beat $1.386B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lyft (NASDAQ:LYFT) reported Q2 2024 earnings per share (EPS) of $0.01, beating the analyst consensus estimate of $(0.03) by 133.33%. The company also reported quarterly sales of $1.435 billion, surpassing the analyst estimate of $1.386 billion by 3.55%. This represents a 40.55% increase over sales of $1.021 billion in the same period last year.
August 07, 2024 | 10:01 am
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Lyft reported Q2 2024 earnings per share of $0.01, beating estimates by 133.33%, and sales of $1.435 billion, surpassing estimates by 3.55%. Sales increased by 40.55% year-over-year.
Lyft's better-than-expected earnings and significant year-over-year sales growth are likely to positively impact its stock price in the short term. Beating both EPS and revenue estimates indicates strong performance and could boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100