Lyft forecasts higher profits, while Uber lowers its gross bookings expectations for the current quarter, impacting their stock movements.
Uber shows positive Q1 earnings with growth in core profit and gross bookings, but its Q2 revenue forecast falls short of Wall Street's expectations.
Despite Uber CEO highlighting consistent growth and increasing driver earnings, investors react negatively to the company's below-expectation forecasts.
Investors' responses to Lyft and Uber's forecasts differ, with Lyft projecting optimism for the future while Uber's outlook receives a more critical response.
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