Stocks to watch: $LYFT and $UBER

Shares of Ride-hailing giant Lyft (NASDAQ: LYFT) jumped 10% on Wed following the release of better-than-expected Q3 earnings.

EPS: $0.05 :vs:-$0.03 expected

Revenue: $864M🆚$862M expected

“Driver supply materially improved in Q3, up nearly 45% versus last year, reflecting strong new driver trends,” Lyft CEO, Logan Green said.

Moving ahead, Lyft’s top competitor in the ride-sharing market Uber (NYSE: UBER) is set to announce its Q3 results today.