Lyft shares tumble as investors react to dim outlook

May 4, 2023

Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial gains.  Shares have since stabilized in after-hours trading, now trading down about 10%.   Lyft beat both its own revenue expectations and Wall Street’s, but it […]

Lyft shares tumble as investors react to dim outlook by Rebecca Bellan originally published on TechCrunch

iPhone sales help Apple beat revenue forecasts for Q2

May 4, 2023

Everyone knew this would be rough quarterly earnings report, but the question was just how rough. Facing broader economic headwinds and a slowing smartphone market, Apple reported its second straight quarterly sales drop. Still, the company managed to beat Wall Street forecasts, on the strength of better-than-expected iPhone revenue. Apple itself issue no formal guidance […]

iPhone sales help Apple beat revenue forecasts for Q2 by Brian Heater originally published on TechCrunch