Lyft's Gross Bookings Weakness

Plus, Super Micro plots comeback.

February 12, 2025

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Today is Wednesday, February 12, 2025.

The Early Bird Index today is 82.41

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Lyft's Gross Bookings Weakness

Lyft (Nasdaq: LYFT) fell 11.05% in after-hours trading on Tuesday, losing all of its 2025 gains in the process, after reporting financial earnings results.

Financials: Lyft reported earnings of six cents per share and revenue of $1.55 billion in the past quarter; both were lower than expected.

Powering the Story: The company anticipates gross bookings to grow 10% to 14% in the current quarter, but investors were disappointed with the outlook.

Early Bird’s Nest Egg Gains: Several factors, including increased competition from new startups, regulatory challenges, technological disruption, and rising operational costs, could make 2025 a challenging year for ride-share companies.

Final Thoughts: On the bright side, Lyft introduced a $500 million stock buyback.

This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

Notables

Notable Earnings Today: Cisco Systems (Nasdaq: CSCO), Reddit (NYSE: RDDT), CVS Health (NYSE: CVS), AppLovin (Nasdaq: APP), Robinhood Markets (Nasdaq: HOOD), Dutch Bros (NYSE: BROS), The Trade Desk (Nasdaq: TTD), MGM Resorts (NYSE: MGM), Wyndham Hotels & Resorts (NYSE: WH), Biogen (Nasdaq: BIIB), Upwork (Nasdaq: UPWK), Albemarle (NYSE: ALB), Kraft Heinz (Nasdaq: KHC), Generac (NYSE: GNRC), Restaurant Brands International (NYSE: QSR), Veeco Instruments (Nasdaq: VECO), HubSpot (NYSE: HUBS), Paycom Software (NYSE: PAYC), Vertiv (NYSE: VRT), Kinross Gold (NYSE: KGC), Ryder System (NYSE: R), Aspen Aerogels (NYSE: ASPN), 10x Genomics (Nasdaq: TXG), Alkermes (Nasdaq: ALKS), AtriCure (Nasdaq: ATRC), Barrick Gold (NYSE: GOLD), CME Group (Nasdaq: CME), Conduent (Nasdaq: CNDT), Corsair Gaming (Nasdaq: CRSR), Denny's (Nasdaq: DENN), Dominion Energy (NYSE: D), Equinix (Nasdaq: EQIX), Exelon (Nasdaq: EXC), Fastly (NYSE: FSLY), GXO Logistics (NYSE: GXO), Healthcare Services Group (Nasdaq: HCSG), Kornit Digital (Nasdaq: KRNT), NiSource (NYSE: NI), Q2 Holdings (NYSE: QTWO), QuantumScape (NYSE: QS), QuidelOrtho (Nasdaq: QDEL), Radware (Nasdaq: RDWR), Rapid7 (Nasdaq: RPD), Ribbon Communications (Nasdaq: RBBN), Sonic Automotive (NYSE: SAH), SpartanNash (Nasdaq: SPTN), Sylvamo (NYSE: SLVM), Taylor Morrison Home  (NYSE: TMHC), Tenet Healthcare (NYSE: THC), Wabtec (NYSE: WAB), Waters (NYSE: WAT), Williams Cos (NYSE: WMB).

Notable IPOs Today: Aureus Greenway Holdings Inc. Common Stock (Nasdaq: AGH).

Notable Equity Crowdfunding Campaigns Ending Today: Cann-Ade (StartEngine), Ponfeigh Distillery (Honeycomb), Carolina Classic Canine (Honeycomb), Dahlia Wax Bar (Honeycomb), NaNoPureUSA (StartEngine).

Notable Economic Events Today: Consumer Price Index / Core CPI (8:30 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Federal Budget Balance (4:00 p.m. ET).

Super Micro Plots Comeback

After a rough 2024, Super Micro Computer (SMCI) wants to turn things around. The stock jumped 8.39% in after-hours trading on Tuesday after the company disclosed preliminary financial results.

Details: Super Micro said it expects sales to grow in the range of $5.6 billion to $5.7 billion during the quarter. The company also announced a $700 million private placement to shore up its financials.

Final Thoughts: The stock is down 50% in the last 12 months. Super Micro seems to be in a better place now, but there are still challenges.

Zillow Posts Mixed Results

Zillow Group (Nasdaq: Z) fell 6.28% in after-hours trading on Tuesday after the tech real estate marketplace posted mixed financial earnings results. 

Financials: Zillow reported earnings of 27 cents per share in the past quarter, which was in-line. Revenue reached $554 million, which was better than expected.

Final Thoughts: The problem with Zillow is that its financial outlook for the current quarter was lower than expected.

Strong Results: Upstart's Business Surged Back in Q4 (The Motley Fool)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.