{"id":40588,"date":"2023-04-20T01:01:13","date_gmt":"2023-04-20T01:01:13","guid":{"rendered":"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/"},"modified":"2023-04-20T01:01:13","modified_gmt":"2023-04-20T01:01:13","slug":"lyft-shares-get-crushed-on-weak-guidance-for-first-quarter","status":"publish","type":"post","link":"https:\/\/thedailyherald.co.uk\/tech\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/","title":{"rendered":"Lyft shares get crushed on weak guidance for first quarter"},"content":{"rendered":"<p>Lyft beat the Street on revenue in the fourth quarter, but it wasn\u2019t enough to assuage investors who reacted to the ride-hailing company\u2019s weak guidance for the first three months of 2023. Lyft lowered expectations for revenue in the first quarter to $975 million, a decline of about $200 million. Analysts had expected the company to promise $1.09 billion in revenue. That guidance sent shares plummeting 25% in after-hours trading Thursday to $12.13. Logan Green, Lyft\u2019s CEO and co-founder, said the colder weather would lead to a drop in ride-hail and bike and scooter usage, putting pressure on the company\u2019s Q1 guidance. \u201cPrime time is coming down dramatically quarter over quarter because of increased driver supply,\u201d Green added, noting that having more&#8230; Click below to read the full story from TechCrunch<br \/><a href=\"https:\/\/techcrunch.com\/2023\/02\/09\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lyft beat the Street on revenue in the fourth quarter, but it wasn\u2019t enough to assuage investors who reacted to the ride-hailing company\u2019s weak guidance for the first three months of 2023. Lyft lowered expectations for revenue in the first quarter to $975 million, a decline of about $200 million. Analysts had expected the company&hellip;<\/p>\n","protected":false},"author":1878,"featured_media":40589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lyft shares get crushed on weak guidance for first quarter - The Daily Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lyft shares get crushed on weak guidance for first quarter - The Daily Herald\" \/>\n<meta property=\"og:description\" content=\"Lyft beat the Street on revenue in the fourth quarter, but it wasn\u2019t enough to assuage investors who reacted to the ride-hailing company\u2019s weak guidance for the first three months of 2023. Lyft lowered expectations for revenue in the first quarter to $975 million, a decline of about $200 million. Analysts had expected the company&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/\" \/>\n<meta property=\"og:site_name\" content=\"The Daily Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T01:01:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\">\n\t<meta name=\"twitter:data1\" content=\"Rebecca Bellan\">\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data2\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#website\",\"url\":\"https:\/\/thedailyherald.co.uk\/\",\"name\":\"The Daily Herald\",\"description\":\"Your Super Aggregated News, Blog &amp; Magazine\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/thedailyherald.co.uk\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/thedailyherald.co.uk\/wp-content\/uploads\/2023\/04\/40588-lyft-shares-get-crushed-on-weak-guidance-for-first-quarter.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Lyft shares get crushed on weak guidance for first quarter\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/#webpage\",\"url\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/\",\"name\":\"Lyft shares get crushed on weak guidance for first quarter - The Daily Herald\",\"isPartOf\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/#primaryimage\"},\"datePublished\":\"2023-04-20T01:01:13+00:00\",\"dateModified\":\"2023-04-20T01:01:13+00:00\",\"author\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/#\/schema\/person\/3944445a75672d2da02143731a2be872\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thedailyherald.co.uk\/uncategorized\/lyft-shares-get-crushed-on-weak-guidance-for-first-quarter\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#\/schema\/person\/3944445a75672d2da02143731a2be872\",\"name\":\"Rebecca Bellan\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4a04f9ed180a95652af4dc5624f432fd?s=96&d=mm&r=g\",\"caption\":\"Rebecca Bellan\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","amp_validity":null,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts\/40588"}],"collection":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/users\/1878"}],"replies":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/comments?post=40588"}],"version-history":[{"count":0,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts\/40588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/media\/40589"}],"wp:attachment":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/media?parent=40588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/categories?post=40588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/tags?post=40588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}