Lyft sees revenue of around $975 million in the first quarter. That forecast was lower than analysts’ median estimate of $1.09 billion. The ridesharing company’s fourth-quarter revenue rose 21% year-over-year to $1.18 billion, beating expectations of $1.16 billion. The company’s adjusted net loss of $270.8 million increased from a loss of $90.2 million in the same quarter a year ago.
Lyft stock fell 19% after the close of business.
Shares of PayPal rose after the payments company released its fourth quarter results. Separately, PayPal has announced that Chairman and CEO Dan Schulman will retire on December 31 this year. Schulman will continue to serve on the board and the company will seek a successor.
PayPal’s total payment volume for the fourth quarter of $357.38 billion was below analysts’ median estimate of $365.41 billion. Net sales of $7.38 billion were up 6.7% year over year and came close to expectations of $7.4 billion.
PayPal’s adjusted earnings per share of $1.24 beat Wall Street analysts’ estimate of $1.20.
Expedia shares fell after the travel company reported fourth-quarter revenue of $2.62 billion, below Wall Street expectations of $2.71 billion. Expedia’s adjusted earnings per share of $1.26 also missed estimates of $1.77.
The company said last quarter results were negatively impacted by weather-related issues, but demand was otherwise strong.
Ines is Senior Business Reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre
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