Earnings
Lyft’s John Zimmer on earnings: Q2 is an opportunity to kick start growth
John Zimmer, president and co-founder of Lyft, joins CNBC’s ‘Squawk Box’ to break down the ride-hailing company’s latest quarterly earnings report, which sent shares of the company lower in premarket trading. Source
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Lyft shares drop 30% on disappointing guidance
Lyft President John Zimmer (R) and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Lyft shares plunged 30% Wednesday as investors expect short-term headwinds to weigh on the company. Lyft reported better-than-expected results on both the top and bottom […]
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Stocks making the biggest moves premarket: Uber, Brinker, Generac and more
Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow. Brinker International (EAT) – The parent of Chili’s and other restaurant […]
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Yum Brands earnings miss estimates as China weighs on KFC, Pizza Hut sales
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as lockdowns in China weighed on sales. Here’s what the company […]
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Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber on Wednesday reported surging revenue during the first quarter as the rideshare company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to […]
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CVS raises forecast for year, as first-quarter earnings top expectations
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnings and raised its guidance for the year, as it saw demand for at-home Covid tests, prescriptions and more. The health-care company said it now […]
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These are Credit Suisse’s top European stock picks right now
The Swiss bank has named its top stocks for the second quarter, including a “top of the crop” list of under-the-radar names. Source
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Lyft shares plunge on light guidance, continued driver incentives
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost more than a quarter […]
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Stocks making the biggest moves after hours: Airbnb, Lyft, Starbucks and more
Check out the companies making headlines after the bell: Lyft — The ridesharing stock plummeted 23% in extended trading despite reporting a beat on revenue and an unexpected profit in the recent quarter. Lyft shared guidance for the second quarter that fell below analysts’ estimates as it said it will need to continue to invest […]
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Airbnb beats estimates with 70% revenue growth as travel rebounds
When the pandemic first hit one of the world’s most valuable start-ups saw its private value nearly halved. Now as hotels suffer but vacation rentals boom, Airbnb CEO Brian Chesky is reportedly planning to file for a long-awaited IPO. Mike Segar | Reuters Airbnb reported better-than-expected results on Tuesday and gave an upbeat forecast for the […]
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