Lyft forecasts upbeat fourth-quarter bookings on strong demand from weekday commuters

Quick Summary:

Lyft forecast current-quarter gross bookings above estimates after beating September-quarter sales on Wednesday as more people return to offices, indicating steady demand for ride-hailing services.

Shares of the San Francisco, California-based company rose 18 per cent in extended trading.

It expects gross bookings for the year to grow about 17 per cent, higher than Wall Street's expectation of 16.3 per cent.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMali

Topics: Million Uber Cent Lyft Companies Forecast Quarter Billion Drivers Ride-hailing Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:08:16 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23452682

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

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Publisher ID: #27

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