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Lyft reports Q3 EPS 11c, consensus 7c

Reports Q3 revenue $1.69B, consensus $1.7B. Reports Q3 Gross Bookings of $4.8 billion, up 16% year over year. “Our Q3 results prove that Lyft‘s (LYFT) comeback strategy is working,” said CEO David Risher. “We once again smashed records, announced more autonomous vehicle partnerships, and last month, acquired a world-class luxury chauffeuring company, furthering our customer-obsessed approach to growth. We have multiple catalysts converging to drive momentum and scale across the business.”

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