Lyft stock

Lyft shares are headed for their worst one-day drop since the company's initial public offering in 2019, after the ride-hailing company reported an ...

So far in 2023, Lyft shares have outperformed Uber's—though Friday's trading session will likely see some of Lyft's gains unwind.\n\nShares of Uber were down 4.4% to $34.30%. It had 20.4 million riders in the quarter, the highest number in nearly three years.\n\nStill, that wasn't enough to appease analysts at Wedbush Securities, who downgraded the stock to neutral from outperform, saying there were serious questions about whether Lyft’s business model can scale in a profitable way.\n\nIt is “a winner take all rideshare market with Uber the winner and Lyft looking like the major loser with a murky path forward,” analysts Daniel Ives and John Katsingris wrote in a Friday note. The stock's previous record one-day fall was a 30% tumble on May 4, 2022, according to Dow Jones Market Data.\n\nOver the last three days, Lyft's shares have fallen more than 42%.\n\nLyft reported an adjusted loss of 74 cents per share in the fourth quarter late on Thursday, surprising analysts who were looking for a profit.

Shares of Lyft fell Friday, a day after the company reported guidance for its first quarter of 2023 that was short of analyst expectations. · Lyft's CFO pointed ...

[Subscribe to CNBC on YouTube.](https://www.youtube.com/c/CNBC?sub_confirmation=1) However, rideshare is now approaching full recovery in the US, but Lyft is not," JPMorgan's Doug Anmuth said. It also reported an adjusted loss per share of 74 cents. Lyft's CFO pointed to "seasonality and lower prices" to explain the guidance. [Wall Street noticed](https://www.cnbc.com/2023/02/10/analysts-bail-on-lyft-after-latest-earnings-say-uber-is-cementing-its-place-as-leader-.html) the contrast between Lyft's report and [Uber's earnings](https://www.cnbc.com/2023/02/08/uber-earnings-q4-2022.html#:~:text=Uber%20noted%20that%20net%20income,off%20its%20%E2%80%9Cstrongest%20year.%E2%80%9D). - Lyft's CFO pointed to "seasonality and lower prices" to explain the guidance.

Lyft (LYFT -35.81%) posted an unexpected loss in the fourth quarter and provided disappointing guidance for the first three months of 2023.

Wedbush analyst Daniel Ives, who moved Lyft to a neutral from an outperform post-earnings, called the earnings release and conference call a "debacle for the ages." The results come just days after Lyft archrival Uber Technologies reported better-than-expected revenue and earnings growth, and Wall Street appears worried that the issues at Lyft are deeper than one quarter's results. "Our Q1 guidance is the result of seasonality and lower prices, including less Prime Time. Lyft lost $0.74 per share in the last three months of 2022, a significant miss in a quarter for which analysts had expected a slight profit. The company reported 20.4 million riders in the quarter, its highest total in nearly three years. But there appears to be softness relative to expectations on the demand side as well.

Shares of Lyft are slumping Feb. 10 after the ride-share provider delivered a disappointing quarterly report.

While the Nasdaq closed lower for a third straight day, one booming energy stock lifted the Dow.

By Karee Venema • Published Income investors know there's no substitute for regular dividend increases over the long haul. With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In other words, focus on the "So, if you have not decided which team to root for, history suggests that the best equity market performance has occurred when Philadelphia's conference (NFC) defeats Kansas City's (AFC)." [CVX](https://www.kiplinger.com/tfn/ticker.html?ticker=CVX) (opens in new tab)) gained 2.1%. Meanwhile, the S&P 500 ended up 0.2% at 4,090, and the Dow rose 0.5% to 33,869, as Chevron ( "Last night's Lyft call was a Top 3 worst call we have ever heard as in our opinion as management is trying to play darts blindfolded with the expense structure going forward and gave an EBITDA outlook which was a debacle for the ages." [LYFT](https://www.kiplinger.com/tfn/ticker.html?ticker=LYFT) (opens in new tab)) plunged 36.4% after earnings. "This morning's revision in the updated version of the estimated CPI index for December shows prices rose rather than declined and is adding to angst among investors who are struggling with a hawkish Fed that appears to have minimal tolerance for [inflation](https://www.kiplinger.com/economic-forecasts/inflation)," says José Torres, senior economist at Interactive Brokers. A round of disappointing earnings weighed on investor sentiment, too, though a solid day for [energy stocks](https://www.kiplinger.com/investing/stocks/best-energy-stocks) kept the S&P 500 and Dow Jones Industrial Average above water.