Lyft Stock Falls Amid Bookings, Guidance Woes

Lyft reported better-than-expected earnings and revenue for Q2. However, gross bookings fell short of estimates, sending shares plummeting.

Lyft Stock Falls Amid Bookings, Guidance Woes

Lyft's guidance for Q3 gross bookings was lower than analyst expectations, adding pressure to the stock.

Lyft Stock Falls Amid Bookings, Guidance Woes

Lyft stock dropped significantly in premarket trading after the earnings report, signaling a new 2024 low.

Lyft Stock Falls Amid Bookings, Guidance Woes

Lyft stock had risen before the earnings report due to strong results from rival Uber.

Lyft Stock Falls Amid Bookings, Guidance Woes

Lyft faces increasing competition from Tesla's potential robotaxi service and concerns about a recession.

Lyft Stock Falls Amid Bookings, Guidance Woes

Lyft's stock has underperformed the market, with a low IBD Composite Rating and Relative Strength Rating.

Lyft Stock Falls Amid Bookings, Guidance Woes

Lyft beats earnings but misses bookings Weak guidance for Q3 Stock plunges on disappointing results  Faces stiff competition and economic headwinds

Lyft Stock Falls Amid Bookings, Guidance Woes

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