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Lyft faces stiff competition in the ride-sharing market, but one analyst sees an attractive buying opportunity.
It's all green arrows on this morning's earnings movers. The Trade Desk (TTD) was the biggest winner Friday morning, up over 20% following its latest earnings report.
US stocks rise as trade optimism boosts sentiment. S&P500 climbs with Lyft, Pinterest, and Microchip among hot stocks to watch heading into China talks.
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 0.5% on Friday.
Lyft CEO David Risher told CNBC's "Squawk Box" that the company isn't seeing "anything to worry about" with the consumer. The ride-sharing company upped its share buyback plan to $750 million and posted better-than-expected gross bookings.
Lyft CEO David Risher joins 'Squawk Box' to discuss the quarterly earnings results, strength of the consumer, growth outlook, state of the rideshare competition, the company's robotaxi plans, and more.
Engine Capital said on Friday it would end its activist campaign at Lyft and withdraw its board nominees after the ride-hailing platform boosted its stock buyback program.
NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”) today announced that it is withdrawing its nomination of candidates for election to Lyft, Inc.'s (NASDAQ: LYFT) (“Lyft” or the “Company”) Board of Directors (the “Board”) at the 2025 Annual Meeting of Shareholders following its engagement with the Company. Arnaud Ajdler, Founder and Portfolio Manager of Engine, commented: “We appreciate the Board's willingness to engage with us about steps that can be.
Lyft Inc's (NASDAQ:LYFT) latest earnings offered investors a glimmer of optimism. A modest earnings beat, slightly stronger-than-expected gross bookings, and a confident second-quarter outlook all contributed to a 7.3% share price bump in after-hours trading.
Lyft, Inc. (NASDAQ:LYFT ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Aurelien Nolf - VP, FP&A and IR David Risher - CEO Erin Brewer - CFO Conference Call Participants Brad Erickson - RBC Capital Markets Ken Gawrelski - Wells Fargo Eric Sheridan - Goldman Sachs Ben Black - Deutsche Bank Michael Morton - MoffettNathanson Nikhil Devnani - Bernstein Stephen Ju - UBS Doug Anmuth - JPMorgan Steven Fox - Fox Advisors Operator Good afternoon, and welcome to the Lyft First Quarter 2025 Earnings Call. At this time, all participants are in listen-only mode to prevent any background noise.