
Super Micro Computer Inc. (SMCI) experienced a significant drop in its stock price after the company released its earnings report, which included a revenue miss and downward guidance. The stock fell by 25% following the announcement. Meanwhile, Lyft Inc. (LYFT) reported its fourth-quarter earnings, with revenue reaching $1.6 billion, marking a 27% increase year over year. Lyft's gross bookings were $4.3 billion, up 15% from the previous year, and the company achieved a net income of $61.7 million compared to a net loss of $26.3 million in the fourth quarter of the previous year. Lyft also announced a $500 million share buyback program. However, Lyft's stock dropped by 12% in after-hours trading, possibly due to a disappointing first-quarter gross bookings outlook influenced by extreme winter weather and LA wildfires, as reported by rival Uber. Lyft's fourth-quarter earnings per share were $0.15, falling short of the expected $0.22, while its revenue of $1.55 billion was slightly below the anticipated $1.56 billion. Lyft's adjusted EBITDA for the quarter was $112.8 million, and the company highlighted that 2024 was a record-smashing year for them.
















$LYFT | Post Market : -12% | ๐๐ฒ๐๐ญ ๐๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: Revenue: $1.6B (โ 27% YoY), GAAP Net Income: $61.7M vs $(26.3)M. | Gross Bookings: $4.3B (โ 15% YoY), Adjusted EBITDA: $112.8M. ๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ: โก๏ธ ๐๐ง๐ง๐ฎ๐๐ฅ ๐๐๐๐จ๐ซ๐โฆ https://t.co/2XDG8GCOLw
$SMCI earnings are out... The stock was down around 3% initially but is climbing back! Listen to the call LIVE on Stocktwits: https://t.co/8w9sXdk0Ff https://t.co/31alVuHSbS https://t.co/fevkpjCDIN
Lyft issued a disappointing first-quarter gross bookings outlook, following a similarly muted forecast from rival Uber citing impact from the extreme winter weather and LA wildfires. https://t.co/7PQoDjTsow