Lyft says cost cuts, coming ride recovery could bring third-quarter profit

Lyft says cost cuts, coming ride recovery could bring third-quarter profit

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-lyft-results/lyft-says-cost-cuts-coming-ride-recovery-could-bring-third-quarter-profit-idUSKBN2A92WU

Lyft Inc said on Tuesday it could become profitable on an adjusted basis by the third quarter of this year despite the pandemic, three months ahead of a previous target, forecasting a rebound in ride-hail demand beginning in the second quarter of 2021.

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