Uber Just Put Lyft on the Spot With a Strong Bookings Forecast
Uber forecast second-quarter gross bookings of $56.25–$57.75 billion, above Wall Street estimates, after missing first-quarter revenue targets. Shares rose about 8% in premarket trading. First-quarter gross bookings reached $53.7 billion, while revenue came in at $13.2 billion, below the $13.62 billion estimate. Lyft reports earnings after Thursday’s close.