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.
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