Lyft Shares increased by 5% after the company had increased its share purchasing plan to $ 750 million in the winning report of the first quarter.
Shares were ACE high than 10% after the profit.
This is how the journey company did:
- Income: 1 cent per share
- Gain: $ 1.45 billion versus $ 1.47 billion estimate from LSEEG
Reves grew by 14% from a year to $ 1.45 billion. The company reported Netto inome of $ 2.57 million, or 1 cent per share. That is a net loss of $ 31.54 million, or 8 cents per share.
Rides rose by 16% during the periver to 218.4 million, while the growth of active drivers increased by 11% to 24.2 million. Gross bookings rose 13% to $ 4.16 billion and came to $ 4.15 billion Estreet account. The company said that the period of the 16th consecutive period of double digits from year after year marked gross booking growth.
“With our expansion to new demography via Lyft Silver and to Europe with our planned free acquisition, we place all the documents for entertaining, market -leading performance,” wrote CEO David Risher in a press release.
For the second quarter, Lyft said that it is anticipating the growth in the middle of the teenage years of a year of APHRA. Gross bookings expect from $ 4.41 billion to $ 4.57 billion.
LYFT reported $ 280.7 million in free cash flows for the first quarter, which was $ 136.3 million Estreet account.
Lyft has been sharing over the past five years
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