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Finance & Markets

Lyft Posts Surprise Loss on Settlement, Gives In-Line Outlook

Lyft Inc. issued a quarterly ride bookings and earnings forecast that met expectations and posted a surprise loss due to an earlier legal settlement related to driver classification.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Ndindi Nyoro predicts Safaricom’s annual profit could hit Ksh120B

Kiharu Member of Parliament Ndindi Nyoro has projected that Safaricom PLC could record an annual net profit of around Ksh120 billion or more, following the telecommunications company’s strong half-year financial performance.

  • Ndindi Nyoro predicts Safaricom's annual profit could reach Ksh120 billion.
  • Safaricom's second half earnings show 35.9% increase in net income to Ksh58.2 billion.
  • M-Pesa revenue hits Ksh100.1 billion, growing 13.6%.

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