Earnings Breakdown for Ride Share Stocks

Cost pressures and potential economic shutdowns brought by the Delta COVID-19 variant are facing the rideshare companies. Lyft Inc. (LYFT) shares fell after reporting 2Q earnings Tuesday Aug. 3, 2021. Despite beating analyst estimates and posting 125% revenue growth year-over-year, Lyft's 3Q guidance wasn't as strong as some investors had hoped. Angelo Zino breaks down the market reaction to Lyft's earnings as well as previews the quarterly report from Uber Technologies (UBER).