Lyft Q1 Results Beat Street View
Shares of Lyft Inc. (LYFT) gained over 4% on extended session Tuesday after the ride-hailing company’s first-quarter results trumped Wall Street estimates despite negative effects of COVID-19 pandemic.
San Francisco, California-based Lyft reported a first-quarter loss of $427.3 million or $1.31 per share compared with $398.1 million or $1.31 per share last year.
Adjusted loss for the quarter were $0.35 per share, compared to $0.32 per share last year. On average, 20 analysts polled by Thomson Reuters estimated loss of $0.53 per share for the quarter. Analysts’ estimates typically exclude one-time items.
Lyft’s revenues for the first quarter tanked 36% to $609.0 million from $955.7 million last year. Analysts had a consensus revenue estimate of $558.7 million for the quarter.
Active riders in the first quarter decreased 36.4% to 13.5 million, while revenue per active rider inched up 0.2% to $45.13.
LYFT closed Tuesday’s trading at $56.19, down $0.89 or 1.56%, on the Nasdaq. The stock, however, gained $2.31 or 4.11%, in the after-hours trade.
Life Storage Inc. Q1 adjusted earnings Beat Estimates
Life Storage Inc. (LSI) revealed a profit for its first quarter that increased from the same period last year.
The company’s earnings totaled $47.38 million, or $0.63 per share. This compares with $36.43 million, or $0.52 per share, in last year’s first quarter.
Excluding items, Life Storage Inc. reported adjusted earnings of $81.25 million or $1.08 per share for the period.
Analysts had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 17.0% to $171.89 million from $146.94 million last year.
Life Storage Inc. earnings at a glance:
-Earnings (Q1): $81.25 Mln. vs. $65.30 Mln. last year.
-EPS (Q1): $1.08 vs. $0.93 last year.
-Analysts Estimate: $0.56
-Revenue (Q1): $171.89 Mln vs. $146.94 Mln last year.
Next quarter EPS guidance: $1.08 – $1.12
Full year EPS guidance: $4.33 – $4.41
Velvet Ice Cream Recalls Ice Cream, Sherbet Products For Listeria Risk
Velvet Ice Cream is recalling various ice cream and sherbet products made on or after March 24, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said.
The affected products come under various brands such as Buehler’s; Discount Drug Mart; North Star Frog Spit; Whale of a Pail; Ruggle’s; Super Dip, and Velvet, among others.
They were packaged in various sizes and containers, and distributed and sold in drug stores, convenience stores and supermarkets from on or after March 24, 2021. The products were distributed to Indiana, Kentucky, Ohio, and West Virginia.
The company initiated the recall after identifying the issue in a routine testing.
Listeria monocytogenes is an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. It can also cause miscarriages and stillbirths among pregnant women.
However, the company has not received any reports of illness or injury related to the recalled products to date.
Customers are urged to dispose the affected products or return it to the place of purchase for a refund.
In similar recalls citing the Listeria concerns, Golden Medal Mushroom Inc. and Guan’s Mushroom Co. last week called back all cases of 200g/7.05-ounce packages of Enoki Mushrooms.
Smiling Jimmy Carter seen in photo from Biden visit
PLAINS, Ga. — The public has gotten a glimpse inside President Joe Biden’s visit last week with Jimmy and Rosalynn Carter.
The White House released a photo of a smiling Jimmy Carter sitting in a chair and holding the hand of first lady Jill Biden while the president kneels beside a seated Rosalynn Carter. The image was taken last Thursday as the 96-year-old former president and his wife hosted the Bidens at their home in Plains, Georgia.
The private meeting brought together the oldest sitting president and the longest-lived former president in history. Jimmy Carter didn’t appear outside his home with Biden afterward. Instead, it was Rosalynn Carter who stood in the doorway, supported by her walker, as the Bidens departed.
Biden’s stop in Plains was part of a swing through Georgia to mark his first 100 days in office. Biden said of Carter: “We sat and talked about the old days.”
CBS announcer Jim Beglin apologizes for blaming Ángel Di María red card on ‘Latino temperament’
During the second leg of the UEFA Champions League semifinal between Manchester City and Paris Saint-Germain on Tuesday, CBS color commentator Jim Beglin attributed a red card given to PSG's Ángel Di María on the Argentinian native's "Latino temperament."
Di María was sent off in the 69th minute for stomping on Manchester City's Fernandinho after the two tangled out of bounds.
"It's that Latino temperament," Beglin remarked as cameras showed Di María walking off the pitch.
The broadcast was aired on CBS Sports Network and Paramount+, per Awful Announcing.
Jim Beglin for God’s sake, there was no need for that pic.twitter.com/FFkxRIb1AAhttps://t.co/4E7KjX5u1d
Beglin offered his attempt at an apology roughly 10 minutes of game action later, saying "when Di Maria was sent off, I described it by using the word Latino. For anybody that’s taken offense, I do apologize – sincerely apologize," according to Yahoo Sports.
USA TODAY Sports has reached out to CBS for comment.
Beglin, 57, has worked for BT Sport and NBC Sports previously.
Manchester City won the match 2-0 to advance to the Champions League final for the first time in club history.
Follow Chris Bumbaca on Twitter @BOOMbaca.