(Reuters) – Lyft Inc said on Wednesday that cost cuts are putting the company on track to reach its target of becoming profitable on an adjusted basis by the end of 2021, even as second-quarter revenue tumbled 61% due to coronavirus-related limitations.
Report by Tina Bellon in New York and Munsif Vengattil in Bengaluru; Additional Reporting by Akanksha Rana; Edited by Sriraj Kalluvila
Our standards:The Thomson Reuters Trust Principles.
.
Tags Business News Cars & Auto Parts (TRBC) Cars / car parts (legacy) Content produced in Bangalore lift Performance / Results / Earnings Results Forecasts / Warnings Technology (TRBC) Technology / Media / Telecoms the results Transport (TRBC) United States of America us
