Lyft stock jumps on Q2 outlook and $750 million stock buyback
Lyft (LYFT) reported its first quarter earnings after the closing bell on Thursday. Revenue came in at $1.45 billion, lower than the $1.47 billion expected, whereas earnings per share (EPS) came in at $0.01, higher than the loss of $0.68 expected. The company reported strong numbers for gross bookings and rides and announced a new $750 million stock buyback. Lyft expects to see $4.41 billion to $4.57 billion in gross bookings in the second quarter — higher than the $4.48 billion expected. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.