Q3 Earnings Outperformers: Lyft (NASDAQ:LYFT) And The Rest Of The Gig Economy Stocks [Yahoo! Finance]
IAC Inc. (IAC)
Last iac inc. earnings: 2/5 04:10 pm
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Source: Yahoo! Finance
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at gig economy stocks, starting with Lyft (NASDAQ:LYFT). The iPhone changed the world, ushering in the era of the “always-on” internet and “on-demand” services - anything someone could want is just a few taps away. Likewise, the gig economy sprang up in a similar fashion, with a proliferation of tech-enabled freelance labor marketplaces, which work hand and hand with many on demand services. Individuals can now work on demand too. What began with tech-enabled platforms that aggregated riders and drivers has expanded over the past decade to include food delivery, groceries, and now even a plumber or graphic designer are all just a few taps away. The 6 gig economy stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was 1.6% above. In light of
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