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What’s Going On With Lyft’s Stock After Earnings?

Lyft reported quarterly adjusted earnings of 15 cents per share which beat the analyst consensus estimate of 3 cents per share. Quarterly sales came in at $1.28 billion which beat the consensus estimate and represented a 27.59% increase over sales of $1 billion from the same period last year. Gross bookings for the first-quarter were $3.7 billion, up 21% year-over-year.

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