Uber and Lyft reported strong results in their most recent earnings, but their stocks continue to slide. Investors say they’re worried about driver shortages and potential regulation, among other issues. Analysts say it will take some time for the companies to overcome headwinds. See more stories on Insider’s business page. Uber and Lyft both made… Continue reading Uber and Lyft investors predict bumpy roads ahead for the ride-hailing giants (UBER, LYFT)
Tag: Lyft
Hyundai Motor Group to Invest $7.4 Billion In the U.S. by 2025
José Muñoz, Hyundai Motor Company’s Global Chief Operating Officer and President and CEO of Hyundai Motor North America said, “I am excited to make this announcement on behalf of the Hyundai Motor Group. This investment demonstrates our deep commitment to the U.S. market, our dealers and customers. Hyundai will lead the future of mobility in… Continue reading Hyundai Motor Group to Invest $7.4 Billion In the U.S. by 2025
The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check
Uber’s mixed Q1 earnings portray an evolving business
Today, Uber followed Lyft in reporting its Q1 2021 earnings this week. And like its rival, its results take a little bit of work to understand. So, this afternoon, we’re going to parse them as a pair so that we both understand what’s going on at the ride-hailing and food-delivery giant. Let’s start with the… Continue reading Uber’s mixed Q1 earnings portray an evolving business
Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
Lyft’s John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft got some analyst support on Wednesday after earnings with two top Wall Street analysts reiterating their bullish stances. CFRA’s Angelo Zino reiterated his “buy” rating and $75 price target citing improved pricing. Wedbush’s Dan Ives reiterated his “overweight” rating and $85… Continue reading Lyft is a ‘buy’ despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say (LYFT)
@GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021
DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, and the industry recovery in China. The company is highly confident in its full-year 2021 guidance outlined earlier this year as it works to manage… Continue reading @GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021
Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the… Continue reading Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected
The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from… Continue reading The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
Lyft: Lyft To Announce Fourth Quarter 2020 Financial Results
SAN FRANCISCO, Jan. 25, 2021 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”), today announced that it will release financial results for its fourth fiscal quarter ended December 31, 2020 after the close of the market on Tuesday, February 9, 2021. On the same day, Lyft will host a conference call at… Continue reading Lyft: Lyft To Announce Fourth Quarter 2020 Financial Results
EasyMile raises $66M for its autonomous people-and-goods shuttles
We may still be a long way off from Level 5, fully self-driving cars on the open road, but companies building autonomous vehicles and shuttles for specific uses within closed-campus deployments say they are on their way to commercial operations and are raising money to get there. In the latest development, a startup out of… Continue reading EasyMile raises $66M for its autonomous people-and-goods shuttles