Lyft Stock Leaps Higher On Sales Beat, Strong Q4 Outlook

By Investor's Business Daily | Nov 6, 2024 at 04:31 PM EST

Lyft's stock surged after surpassing sales expectations in Q3 and maintaining in-line earnings. The ride-hailing company raised its profit forecast for the year, with increased bookings and improved adjusted EBITDA margins. Lyft also announced new partnerships with autonomous vehicle developers.

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