Pricing is an area where Lyft has sought to be increasingly competitive, and Uber has publicly taken notice, with Uber CEO Dara Khosrowshahi dubbing Lyft a "tough competitor." The balance in our marketplace improved, and we had strong driver growth and a strong mix of new and returning riders," Lyft's new CFO Erin Brewer told analysts. "Q2 represents a full quarter pricing ride-share competitively and roughly in line with the market. The company sounded like one itching for a renewed price war with Uber. Lyft management weighed in on its pricing efforts on the earnings call as Wall Street expected. REUTERS/Mike Blake What we're watching: pricing Q4 margin commentary from earnings call: sees margins down versus Q2 levels amid insurance contract renewals and heightened competition.Īn empty Lyft pick-up area is shown in Los Angeles on Aug. Q3 ride-share volume growth outlook: +20% Q3 revenue outlook: $1.13-1.15 billion actual versus $1.08 billion expected Revenue: $1.02 billion actual versus $1.02 billion expectedĪdjusted earnings per share: $0.16 actual versus -$0.01 expectedĪctive riders: 21.5 million actual versus 21.1 million expected Here are the key numbers that Lyft reported compared with Wall Street's estimates, as compiled by Bloomberg: "Softer pricing and higher marketing is a recipe for more EBITDA pressure," warned Jefferies analyst John Colantuoni in a client note. Lyft's active riders improved only 8.2% from a year ago, hinting at further market share erosion to Uber.Īnd finally, Lyft took a cautious approach to fourth quarter guidance as it invests in lower prices and marketing. Meanwhile, Uber saw its number of trips rise 22% in the quarter. Lyft's core net loss clocked in at $114 million. Uber's net income came in at $394 million, a stark win compared to the net loss of $2.6 billion at the same time last year. CNN Sans ™ & © 2016 Cable News Network.Though Uber missed on the top line, the company offered a more positive outlook and notched free cash flow. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. ![]() Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account When combined with fundamentals and other analytical tools, the Index can be a helpful way to assess market sentiment. Many investors are emotional and reactionary, and fear and greed sentiment indicators can alert investors to their own emotions and biases that can influence their decisions. The Fear & Greed Index is used to gauge the mood of the market. How often is the Fear & Greed Index calculated?Įvery component and the Index are calculated as soon as new data becomes available. ![]() The index gives each indicator equal weighting in calculating a score from 0 to 100, with 100 representing maximum greediness and 0 signaling maximum fear. The index tracks how much these individual indicators deviate from their averages compared to how much they normally diverge. ![]() They are market momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility, and safe haven demand. The Fear & Greed Index is a compilation of seven different indicators that measure some aspect of stock market behavior. The theory is based on the logic that excessive fear tends to drive down share prices, and too much greed tends to have the opposite effect. The Fear & Greed Index is a way to gauge stock market movements and whether stocks are fairly priced. What is the CNN Business Fear & Greed Index?
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