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Lyft: 3Q Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ Lyft Inc. (LYFT) on Tuesday reported a loss of $459.5 million in its third quarter.

On a per-share basis, the San Francisco-based company said it had a loss of $1.46. Losses, adjusted for stock option expense and amortization costs, came to 90 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 89 cents per share.

The ride-hailing company posted revenue of $499.7 million in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $497.4 million.

Lyft shares have declined 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.05, a drop of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYFT at https://www.zacks.com/ap/LYFT