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Lyft stock fell 5.1% premarket after Q2 revenue of $1.59B missed estimates of $1.61B. EPS beat at $0.10 vs $0.04 expected. Gross bookings and rides also slightly lagged forecasts. Retail sentiment turned 'extremely bullish,' with investors calling the stock undervalued. Lyft plans robotaxis with May Mobility in Atlanta and Baidu in Europe by 2026.
short by / 04:26 pm on 07 Aug
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