- Uber Technologies, Inc (NYSE:UBER) shares are trading lower today in sympathy with Lyft, Inc (NASDAQ:LYFT), which will release its first-quarter results on Thursday after market close.
- Lyft sees first-quarter revenue of approximately $975 million versus estimates of $1.09 billion. Analysts expect a Q1 revenue of $981.4 million and an EPS loss of $(0.06).
- Also Read: Uber Exits Russia, Yandex Procures Uber’s Remaining Stake In JV For Hefty Sum
- Lyft struggled to gain market share versus Uber, which acquired market share and drivers during the pandemic.
- Lyft also chose not to diversify beyond transportation and geography, unlike Uber.
- Lyft was slower to roll out bonuses and new features to entice drivers during a yearslong labor shortage on pandemic recovery.
- Price Actions: UBER shares traded lower by 1.48% at $37.29 on the last check Thursday. LYFT shares traded lower by 3.77% at $10.48.
- Photo by Gerd Altmann from Pixabay
Georgia Tech And GlobalFoundries To Collaborate On Joint Semiconductor Research And Workforce Development
Georgia Institute of Technology, one of the top public research universities in the U.S., and GlobalFoundries (NASDAQ:GFS) (GF), one of the world's leading semiconductor manufacturers, today announced a new
