Lyft CEO on prioritizing customers & investors: You have to do both
Shares of ride-hailing giant Lyft (LYFT) are rising as high as 20% Friday morning after the company narrowly missed earnings estimates ($1.45 billion vs. forecasts of $1.47 billion) and posted a profit of $0.01 per share (a loss of $0.68 per share was forecasted). What's really pushing the stock higher is Lyft's announcement of a $750 million share buyback program and second quarter forecasts for gross bookings. Lyft CEO David Risher sits down with the Morning Brief team and Yahoo Finance executive editor Brian Sozzi to talk about the rideshare platform's latest earnings print, booking trends from customers, the company's return to office push for employees, and how Lyft is balancing keeping prices low while keeping investors satisfied. Roth MKM's Rohit Kulkarni told Yahoo Finance that further "consistency" in Lyft's earnings and guidance will be key to the company's success. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.