Lyft was the latest casualty of what’s been a brutal earnings season for tech stocks. Shares were sinking early Wednesday after the ride-hailing firm’s outlook disappointed Wall Street.
Lyft (ticker: LYFT) reported a net loss of $196.9 million, or 57 cents a share, compared with Wall Street’s consensus estimate for a net loss of 54 cents a share. Revenue of $875.6 million was ahead of estimates for $848.9 million. Non-GAAP net income of $24.6 million, or 7 cents a share, compared with expectations for a net loss of 7 cents…