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Lyft revenue surprises with 23% rise, 'on path to profitability' despite coronavirus

Lyft Inc on Wednesday surprised investors with higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable as the U.S. coronavirus lockdown batters the economy. [Source]

Publication Date:

Origin: reuters.com

Category: technologyNews

Topics: coronavirus, revenue, economy, batters, lockdown, profitable, become, further, vowed, company, ride-hailing, higher-than-expected, investors, surprised, despite, profitability', surprises

Source: http://feeds.reuters.com/~r/reuters/technologyNews/~3/czDzG90XoN8/lyft-revenue-surprises-with-23-rise-on-path-to-profitability-despite-coronavirus-idUSKBN22I30N