Lyft sees revenue of about $975 million in the first quarter. The forecast was lower than the average analyst estimate of $1.09 billion. The ride hailing company’s fourth-quarter top line rose 21% year-over-year to $1.18 billion, beating expectations for $1.16 billion. The company’s adjusted net loss of $270.8 million increased from a loss of $90.2 million in the same quarter a year ago.
Lyft’s stock sank 19% in after-hours.
Shares of PayPal rose after the payments company reported fourth-quarter results. Separately, PayPal announced that Chairman and CEO Dan Schulman will retire on December 31 this year. Schulman will continue to serve on the board of directors while the company searches for a successor.
PayPal’s total payment volume for the fourth quarter of $357.38 billion fell short of the average analyst estimate of $365.41 billion. Net revenue of $7.38 billion increased +6.7% year-over-year and was roughly in line with expectations of $7.4 billion.
PayPal’s adjusted earnings per share of $1.24 topped Wall Street analyst estimates of $1.20.
Shares of Expedia declined after the travel company posted fourth-quarter revenue of $2.62 billion, which fell short of Wall Street’s expectations of $2.71 billion. Expedia’s adjusted earnings per share of $1.26 also missed estimates of $1.77.
The company said last quarter’s results were negatively impacted by weather-related issues, but otherwise demand was strong.
Ines is a Senior Business Reporter for Yahoo Finance. follow him on twitter @ines_ferre
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