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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 05:08:16 (3 hours 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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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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