Lyft (LYFT) reported Q1 FY2023 earnings of $0.07 per share (versus $0.07 per share in Q1 FY2022), better than analysts’ consensus estimate of -$0.08 per share.
The company’s quarterly revenues amounted to $1.000 bln (+14,2% y/y), beating analysts’ consensus estimate of $0.982 bln.
The company also issued downside guidance for Q2 FY2023, seeing revenues of $1.00-$1.02 versus analysts’ consensus estimate of $1.08 bln.
LYFT fell to $8.99 (-15.9%) in pre-market trading.
