Ride-hailing company Lyft Inc. is scheduled to report quarterly earnings Tuesday afternoon, the first financial report since the company went public in March.
The San Francisco company beat Uber Technologies Inc. to the public markets, but the initial excitement wore off pretty quickly. The stock started trading at $78.29 on March 29 and set a high that day of $87.24. It closed Monday at $60.57.
Source: News Formal (newsformal.com)
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Business 101 in the headline: [insert company name] has a lot riding on the number of so-called active [description of customer of company] who regularly use its services-and for that matter, how much it can make from each of them.
WSJ, How much of the Lyft earnings are going to shareholders? Oh...$0! Betcha didn’t “watch out” for that😉 Basic logic.
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