SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Lyft Inc. (LYFT) on Thursday reported second-quarter net income of $50.3 million.
On a per-share basis, the San Francisco-based company said it had net income of 13 cents. Earnings, adjusted for stock option expense, came to 29 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The ride-hailing company posted revenue of $1.84 billion in the period, surpassing Street forecasts. Ten analysts surveyed by Zacks expected $1.81 billion.
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