Ticker delayed 20 minutes
Avg Daily Volume: 7,002,631 Market Cap: 13.04B Sector: Miscellaneous Short Interest: 9.6 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.66/share REV: 915.04/M
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LAST QTR: EPS: -1.59/share ACTUAL: -2.23/share (MISS)
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NEXT QTR: EPS: -1.64/share REV: 942.69/M
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FULL YR: EPS: -11.86/share REV: 3,500/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 48% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 9.33, -11.05, N/A
EXPECTED JUMP MOVE: 12-15%
Links To Latest News and Headlines
The California Supreme Court on Thursday upheld a ballot measure that allows app-based companies like Uber and Lyft to classify drivers as independent contractors. The court ruled that the state’s 2020 Proposition 22 is constitutional. The ballot measure allows companies such as Uber, Lyft and DoorDash to classify their employees as independent contractors.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Lyft (NASDAQ:LYFT) and the rest of the gig economy stocks fared in Q1.
The California Supreme Court ruled Thursday that app-based ride-hailing and delivery services like Uber and Lyft can continue treating their drivers as independent contractors rather than employees. The unanimous decision by the state’s top court is a big win for tech giants. It also ends a yearslong legal battle between labor unions and tech companies over a law dictating the status of app-based service workers in the state.
California’s top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits.
The California Supreme Court unanimously upheld the exemption from independent contractor law AB5 that Prop 22 granted to gig drivers. The post California Supreme Court upholds AB5 exemption for gig workers appeared first on FreightWaves.
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