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Lyft raises forecast for 2019

Lyft raises forecast for 2019

Ride-hailing company Lyft posted revenue of $867.3 million, up 72% from the same time last year on Wednesday. But the San Francisco-based company lost $644.2 million in the quarter, which was worse than the $445 million loss that analysts polled by FactSet expected. It expects to stem some of those losses, raising its outlook for 2019.

Tom A
Tom A
Top in Business