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Benzinga
Benzinga
Business
Adam Eckert

Why Lyft Shares Are Falling After Hours

Lyft Lyft Inc Nasdaq

Lyft Inc (NASDAQ:LYFT) shares are trading lower in Tuesday's after-hours session after the company reported first-quarter financial results.

Lyft said first-quarter revenue increased 44% year-over-year to $875.6 million, beating the $846 million estimate. The company reported a net loss of $(196.9) million, which improved from a net loss of $(427.3) million in the prior-year quarter. 

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