SAN FRANCISCO (AP) _ Lyft Inc. (LYFT) on Tuesday reported a loss of $71.5 million in its third quarter.

The San Francisco-based company said it had a loss of 21 cents per share. Earnings, adjusted for one-time gains and costs, came to 5 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 3 cents per share.

The ride-hailing company posted revenue of $864.4 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $860.2 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News