David Risher News

15.02 / 05:09

markets UPS Booking CEO NVIDIA Trade reports Lyft’s CEO David Risher says ‘My bad’ on margin error, ‘It was one zero’

Bloomberg Television on Wednesday, taking the blame for a typo in a company press release Tuesday that erroneously projected a particular measure of earnings margin to expand by an eye-watering 500 basis points. (In reality, Lyft expects margins to grow by 50 basis points.) “This was a bad error," he said, “but it was one zero in a press release." The typo, which actually appeared in multiple company documents on Tuesday, helped drive a 67% surge in Lyft’s shares in after-hours trading.

15.02 / 11:57

markets COST Racing security cover reports Have Uber and Lyft finally found a way to make ride-sharing profitable?

Longtime money-losing ride-share companies Uber Technologies and Lyft have surprised naysayers by doing what many thought was impossible: racing toward steady profits. 2023 marked Uber’s first year of being profitable as a public company. Uber put more gas in its tank Wednesday after it outlined better long-term financial goals during its investor day.

14.02 / 13:27

markets COST CEO security Universities cover Lyft forecast gaffe jolts traders, could invite scrutiny

By Samrhitha A

13.02 / 21:19

COST Reuters CEO Platform Trade Features Lyft profit beats estimates as benefits from cost cuts kick in

By Akash Sriram

14.09 / 10:29

Reuters Digital CEO Gap Pfizer Walmart CEOs from Alphabet, Walmart, Pfizer meet White House officials on refugees

White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States.

10.08 / 13:01

COST UPS CEO Platform Comcast boost Lyft to display ads in app in effort to boost revenue

(Reuters) -Ride-sharing platform Lyft (NASDAQ:LYFT) will start displaying advertisements on its app, the company said in a blog post on Thursday as it looks to create a more stable source of revenue.

08.08 / 20:55

COST CEO Gap Strategy Chase pricing Lyft forecasts strong earnings as it banks on competitive pricing to chase down Uber

(Reuters) — Lyft (NASDAQ:LYFT) forecast third-quarter revenue and adjusted core profit above estimates on Tuesday, as it bets on cost cuts and a post-pandemic rebound in ride-sharing demand to cushion the impact of a price war with bigger rival Uber (NYSE:UBER).

28.03 / 13:09

UPS Citi Amazon CEO PVH Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more

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