Lyft raised its 2019 sales outlook as more riders use the service and the company appears to be curbing discounts. Shares rose 11% after hours.
Lyft Inc. raised its sales outlook for the year as more riders are using the service and as it appears to be curbing its heavy use of discounts.
The San Francisco-based ride-hailing company now projects 2019 revenue to be $3.47 billion to $3.5 billion, compared with a previous range of $3.275 billion to $3.3 billion.
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