(CercleFinance.com) – Lyft climbed more than 8% on Wednesday on the New York Stock Exchange after reporting quarterly results considered ‘solid’ and prospects considered just as ‘encouraging’.
The specialist in chauffeur-driven transport vehicles (VTC) reported last night a turnover up 28% for the first quarter, to 1.3 billion dollars, against a consensus of 1.2 billion.
Its adjusted operating profit (Ebitda) – which more than doubled to reach $59.4 million – also exceeded the consensus set at $54 million.
‘But perhaps the most important point of the publication is the fact that the number of races reached 188 million, compared to our target of 177 million and the consensus of 186 million, providing further illustration that the change in strategy in terms of prices is bearing fruit’, underline UBS analysts.
For the second quarter, Lyft said it was targeting total billings of between $4 billion and $4.1 billion, for an EBITDA of $95 million to $100 million, targets again higher than market estimates.
After these good performances, many analysts say they are looking forward to the San Francisco group’s next investor day, which will be held on June 6.
According to professionals, the company could say more about the future evolution of its profitability and revealed prospects beyond 2024.
Following this publication, which contrasts with the more disappointing publication of its rival Uber Technologies (-8%), the stock gained 8.8% late Wednesday morning on the Nasdaq.
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