Saturday, 27th November 2021

Breaking down Uber, Lyft results

By Bloomberg
10 August 2019   |   9:00 am
Dan Ives, managing director of equity research at Wedbush Securities, talks about Uber Technologies Inc. and Lyft Inc. Uber reported second-quarter adjusted sales that fell short of estimates and posted a net loss of $5.24 billion, by far the largest ever for the business. Lyft's second-quarter results blew past market estimates and won accolades from Wall Street.