Lyft's First-Ever Profit, but the Outlook Is a Speed Bump
Lyft(LYFT) MarketBeat·2024-08-08 00:49
Lyft NASDAQ: LYFT released its second quarter 2024 earnings report, revealing a remarkable milestone. Lyft's financial release shows that the company achieved GAAP profitability for the first time in the company's history. However, this triumph was met with a wave of investor caution as Lyft simultaneously issued a lessthan-optimistic outlook for the coming quarters, sparking a decline in Lyft's stock price. Get Lyft alerts: Lyft's Robust Quarter Fuels Optimism Lyft Today LYFT Lyft $9.65 -1.32 (-12.03%) 52- ...