Uber Technologies Inc (NYSE:UBER) shares are trading lower by 3.96% to $34.47 Friday afternoon possibly in sympathy with Lyft Inc (NASDAQ:LYFT), who issued first-quarter revenue guidance below analyst estimates.
See Also: Hey, Lyft, Uber Has You Beat: 4 Analysts Discuss Weak Guidance, Q4 Earnings Miss
What Else?
Our Benzinga team reported Lyft partially blamed $201.3 million in stock-based compensation and related payroll tax expenses, as well as restructuring charges related to its recent wave of layoffs for the earnings miss.
Looking ahead, Lyft guided for first-quarter revenue of $975 million, up from $876 million a year ago but well short of analyst estimates of $1.09 billion…Read More
According to data from Benzinga Pro, Uber has a 52-week high of $38.65 and a 52-week low of $19.90.
