SAN FRANCISCO (AP) _ Lyft Inc. (LYFT) on Wednesday reported a loss of $644.2 million in its second quarter.
The San Francisco-based company said it had a loss of $2.23 per share. Losses, adjusted for stock option expense and non-recurring costs, were 68 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.03 per share.
The ride-hailing company posted revenue of $867.3 million in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $809.4 million.
For the current quarter ending in October, Lyft said it expects revenue in the range of $900 million to $915 million.
The company expects full-year revenue in the range of $3.47 billion to $3.5 billion.