12:55 PM EST, 11/07/2024 (MT Newswires) -- Lyft ( LYFT ) shares jumped more than 23% in recent Thursday trading, a day after the company reported higher Q3 revenue that also beat estimates.

The company reported late Wednesday Q3 loss of $0.03 per diluted share, unchanged from a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended Sept. 30 was $1.52 billion, up from $1.16 billion a year ago.

Analysts surveyed by Capital IQ expected $1.44 billion.

Gross bookings increased to $4.11 billion from $3.55 billion a year ago.

The company said it expects Q4 gross bookings of around $4.28 billion to $4.35 billion, up 15% to 17% year over year.

For 2024, the company said it expects gross bookings to increase about 17% year over year.

Price: 17.83, Change: +3.43, Percent Change: +23.78