U.S. stock market anomaly | Q1 total bookings higher than expected, Lyft (LYFT.US) surges over 18%
According to the Zhitong Finance APP, on Friday, Lyft (LYFT.US) opened with a sharp increase of over 18%, marking its largest increase since November last year, reaching $15.41. In terms of news, Lyft's Q1 revenue increased by 14% year-on-year to $1.45 billion, slightly lower than the analyst's average expectation of $1.47 billion; net profit was $2.6 million, compared to a net loss of $31.5 million in the same period last year; diluted earnings per share were $0.01, beating the analyst's average expectation of a loss of $0.01 per share. Q1 total bookings increased by 13% year-on-year to $4.16 billion, slightly higher than the analyst's average expectation of $4.15 billion; the number of rides increased by 16% year-on-year to 218 million times, surpassing the analyst's average expectation of 215 million times; the number of active passengers increased by 11% year-on-year to 24.2 million people.
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