08:25 AM EDT, 08/07/2024 (MT Newswires) -- Lyft ( LYFT ) reported Q2 net income Wednesday of $0.01 per diluted share, swinging from a loss of $ 0.30 a year earlier.

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

Revenue for the quarter ended June 30 was $1.44 billion, up from $1.02 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.39 billion.

The company said it expects Q3 gross bookings of about $4 billion to $4.1 billion. Adjusted earnings before interest, taxes, depreciation and amortization for the quarter are anticipated between $90 million and $95 million.

Shares of the company were down more than 13% in recent premarket activity.

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