Earnings Results: Lyft stock sinks nearly 30% after sales outlook falls short of $1 billion
Lyft posted record revenue for a second consecutive quarter Thursday, but the company’s worse-than-expected forecast tanked its stock in extended trading.
The improved forecast was due to high levels of labor productivity and lower long-term disability incidence rate.
Tesla doesn’t fit the Berkshire Hathaway formula.
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Palantir Technologies Inc. boosted its outlook on Monday afternoon as the company’s AI platform continues to gain traction.