Lyft stock sinks as forecast falls short of estimates, while new CEO takes aim at Uber

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Lyft stock sinks after hours as forecast falls short of estimates

Lyft Inc. on Thursday reported first-quarter results that beat expectations, but a forecast that fell just shy of analysts’ estimates. Lyft shares LYFT fell more than 12% after hours. They had been on a six-day positive streak but dropped 1.

8% in the regular session to close at $10.69.

 

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