Third-quarter profits lower, revenue higher, according to Investing.com

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©Reuters. Lyft reports: Third-quarter profits down, revenue up

Investing.com – Lyft (NASDAQ: ) on Wednesday reported third-quarter results that missed analysts’ expectations and revenue that beat expectations.

The company reported earnings per share of $-0.03 on revenue of $1.16B. Investing.com analysts had expected earnings of $0.15 per share and revenue of $1.14B. .

After the report was released, LYFT shares fell 4.85% to trade at $10.20.

Lyft reports revenue after tech company earnings report this month

On November 2, Apple announced fourth-quarter earnings per share of $1.46 and revenue of $89.5B, compared with previous forecasts of earnings per share of $1.39 and revenue of $89.31B.

Microsoft’s financial report on October 24 exceeded analysts’ expectations, with first-quarter earnings per share of $2.99 ​​and revenue of $56.5B. Investing.com analysts had forecast earnings of $2.65 per share and revenue of $54.53B.

Visit Investing.com’s earnings calendar regularly for the latest company earnings reports.

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