Earnings Projections

Lyft Inc. LYFT -29.91% said it would invest in the current quarter to ensure adequate driver supply and grow its ride-hailing platform, spooking investors as the spending weighs on operating profit. The ride-hailing company on Tuesday forecast adjusted earnings before interest, taxes, depreciation and amortization, its preferred metric of financial performance, of $10 million to $20 million. The figure represents a second sequential…

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part by rival Lyft Inc.’s LYFT -29.91% results a day earlier. Lyft spooked…

By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this year after its revenue climbed 70% last quarter as people continued to book suburban rentals despite hosts raising prices.The San Francisco company posted $1.5 billion in revenue in the three months through March. Analysts polled by FactSet on average had predicted $1.45 billion in revenue. By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnbsaid it expects to post its first full-year net profit this year…