SAN FRANCISCO (AP) _ Lyft Inc. (LYFT) on Tuesday reported a loss of $196.9 million in its first quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 57 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 7 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The ride-hailing company posted revenue of $875.6 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $842.2 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYFT at https://www.zacks.com/ap/LYFT

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