Lyft Is Executing Well But Analysts Caution About Uber And Waymo Competition

Lyft LYFT stock was trading higher on Friday after the company reported better-than-expected first-quarter results and announced a $750 million share buyback plan on Thursday.Quarterly revenue was$1.45 billion, which missed the Street estimate of $1.47 billion. Lyft reported quarterly earnings of one cent per share, which beat the analyst consensus estimate of one cent in losses.Also Read: Lyft Stock Downgraded On Autonomous Vehicle Risk From Waymo, Tesla CompetitionNeedham analyst Bernie McTernan reiterat ...