Lyft breaks records, but soft revenue weighs on shares

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Car for hire with a Lyft sticker. Lyft and Uber have replaced many Taxi cabs for transportation with a smart phone app I

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Lyft (NASDAQ:LYFT) reported another strong quarter as gross bookings set another record high, active riders posted a 9th consecutive quarter of double-digit growth, and profitability beat Wall Street’s expectations.

Shares were under pressure, however, as total revenue came in below expectations.

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