Lyft down after third-quarter revenue miss
LYFT•Lyft reported third-quarter revenue of $1.82 billion, below the $1.92 billion average analyst estimate, and forecast fourth-quarter gross bookings of $5.74 billion to $5.94 billion, versus an estimate of $5.83 billion.
1. Revenue and bookings
Lyft shares were down 4.5% at $17 in extended trading after the company posted third-quarter revenue of $1.82 billion, below the $1.92 billion average analyst estimate. Lyft forecast fourth-quarter gross bookings of $5.74 billion to $5.94 billion, compared with an estimate of $5.83 billion.
