Lyft
’s stock tumbled 15% in extended trading on Tuesday after the ride-sharing company posted disappointing fourth-quarter results.
Here how the company did versus LSEG estimates:
Revenue grew 3% from a year ago. Bookings grew 19% year over year to $5.07 billion, which was in line with Wall Street estimates. Net income totaled about $2.76 billion, or $6.72 per share.
The company said it expects adjusted earnings before interest, taxes, depreciation and amortization, a measure of profitability, to range between $120 million and $140 million in the current quarter. Analysts expected $139.8 million for the current period.
