The highly anticipated financial results for the third quarter of Lyft (NASDAQ: LYFT) are scheduled to be disclosed on Wednesday 6th November 2024. This important update will be made available after market close, providing investors and market participants with key information regarding the company's financial status.
It is anticipated by financial experts on Wall Street that the concern is set to announce an estimated $0.20 profit per share for the quarter. Additionally, the firm is expected to disclose a total revenue of $1.44 billion for this period.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $5.6 billion. Additionally, they are expecting the company to report profit of $0.76 per share for the fiscal year 2024.
During the same quarter of the previous year, the company's earnings report indicated a per-share income of $0.24. This noteworthy figure was a direct outcome of the company's total revenue, which reached an impressive $1.16 billion during that specific period.
The business has scheduled a conference call on 6th November 2024 at 05:00 PM eastern time to discuss Q3 financial results.
Throughout Friday's trading, Lyft (LYFT) shares fluctuated between $13.07 and $13.77, with a trading volume of 13.22 million shares. The stock ended the regular trading session at $13.48, showing a gain of 3.93 percent.
