Lyft shares tank 20% after company issues weak guidance
Publishing timestamp: 2023-02-09 16:14:23
Summary
Lyft shares fell 20% after hours after issuing weak guidance in its earnings report. Revenue was lower than expected and the company expects to make roughly $975 million in revenue in the first quarter of 2023, lower than the $1.09 billion analysts anticipated. Additionally, Lyft expects to make adjusted EBITDA between $5 million and $15 million in the first quarter.
Sentiment: NEGATIVE
Tickers: LYFT,
Keywords: business news, lyft inc, breaking news: technology,
Source: https://www.cnbc.com/2023/02/09/lyft-shares-tank-20percent-after-company-issues-weak-guidance.html