Lyft Q3 earnings: what to expect
Lyft’s Q3 sales are expected to have benefited from strong demand for ride-hailing services. IGTV financial analyst @AngelineOng takes a look Uber’s results in the previous session for a clue as to how Lyft might perform.
(Partial Video Transcript)
Investors wait for Lyft’s earnings
Checking in on earnings, we're waiting on Lyft's earnings after Uber's in the previous session. Analysts are expecting Lyft's revenue to have grown 8% in the quarter thanks to a strong demand for ride hailing services.
This is as more workers return to the office and people go out a bit more. Investors are watching out for any comments about further growth ahead.
Uber predicts strong holiday demand
Taking a look at the chart here for you. That's the minute view. Lyft, of course, all-sessions on the IG platform. Let's get you a daily view here. Lyft did sort of get a slight uptick there after we saw Uber's earnings.
Uber on Tuesday predicted strong holiday quarter demand would drive up profits more than expected. Here's a look at Uber's shares for you, also, all-sessions.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
