Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump

Quick Summary:

:Lyft on Wednesday forecast current-quarter gross bookings above estimates after posting upbeat quarterly sales, indicating steady demand for its ride-hailing services from people returning to workplaces.

"We think the firm had a solid third quarter, with impressive gross bookings and revenue growth.

Despite Uber's dominant position in the industry, Wall Street expects Lyft to maintain its strong second-place standing.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMali

Topics: Bookings Drivers Estimates Lyft Uber Cent Billion Gross Quarter Demand Year

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: 471 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23453528

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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