Lyft Stock Drops 10% Despite Better Than Expected Q2 Results 
<p>In early Wednesday trading, <a href='https://financialmodelingprep.com/financial-summary/LYFT'>Lyft (NASDAQ:LYFT)</a> shares dropped by nearly 10%, even though the company surpassed Q2 Street expectations and offered more optimistic guidance than anticipated. Despite an initial uptick in shares, they dipped following reserved remarks from the management.</p>
<p>Lyft's adjusted EPS stood at $0.16, surpassing the expected loss of $0.01 per share for the quarter. With a revenue of $1.02 billion, it aligned with the consensus estimate. Active rider numbers climbed by 8.2% to reach 21.5 million. </p>
<p>For the third quarter, Lyft projects revenues ranging from $1.13 billion to $1.15 billion, outpacing Wall Street's predictions. For Q3, Lyft anticipates its adjusted EBITDA to lie between $75 million and $85 million.</p>

NASDAQ:LYFT