{"id":59892,"date":"2022-02-09T14:16:37","date_gmt":"2022-02-09T10:16:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59892"},"modified":"2022-02-09T14:16:40","modified_gmt":"2022-02-09T10:16:40","slug":"lyfts-fourth-quarter-results-better-than-expected","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/lyfts-fourth-quarter-results-better-than-expected\/02\/09\/market-updates\/","title":{"rendered":"Lyft&#8217;s Fourth-Quarter Results Better Than Expected"},"content":{"rendered":"\n<p>Lyft reported fourth-quarter results that beat estimates for adjusted earnings per share and revenue, but said it had fewer active passengers than the previous quarter.<\/p>\n\n\n\n<p>Shares fell more than 6% in after-hours trading after executives said the Omicron virus variant will affect first-quarter numbers.<\/p>\n\n\n\n<p>Earnings per share were adjusted 9 cents, versus forecast 8 cents<\/p>\n\n\n\n<p>Revenue: $970 million, compared to $940.1 million.<\/p>\n\n\n\n<p>Lyft reported 18.73 million active riders in the fourth quarter of 2021, up nearly 50% year over year, but less than StreetAccount analysts&#8217; expectations of 20.2 million riders for the quarter.<\/p>\n\n\n\n<p>It&#8217;s down from the third quarter when the company said it had 18.94 million active passengers and hadn&#8217;t returned to pre-pandemic levels.<\/p>\n\n\n\n<p>Lyft expects Omicron to lead to lower first-quarter results in 2022.<\/p>\n\n\n\n<p>It forecasts first-quarter revenue between $800 million and $850 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lyft reported fourth-quarter results that beat estimates for adjusted earnings per share and revenue, but said it had fewer active passengers than the previous quarter. Shares fell more than 6% in after-hours trading after executives said the Omicron virus variant will affect first-quarter numbers. Earnings per share were adjusted 9 cents, versus forecast 8 cents &hellip;<\/p>\n","protected":false},"author":9,"featured_media":58813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7113,6901,516],"class_list":["post-59892","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-earnings","tag-nasdaq","tag-sp-500"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=59892"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59892\/revisions"}],"predecessor-version":[{"id":59893,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59892\/revisions\/59893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58813"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}