Shares of Ride-hailing giant Lyft (NASDAQ: LYFT) jumped 10% on Wed following the release of better-than-expected Q3 earnings.
EPS: $0.05 
-$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.