Lyft’s losses continue, but company raises 2019 forecast
Lyft and Uber investors are betting they can upend the transportation industry and eventually find a path to profitability
New York — Lyft reported second-quarter results that were better than expected and boosted its forecast for the year. The performance was somewhat overshadowed, however, by the company’s decision to allow shareholders under lockup restrictions to sell earlier than expected.
The ride-hailing company projects at least $3.47bn in sales for the year, compared with an average analyst estimate of $3.32bn, according to data compiled by Bloomberg...