Market recap: Lyft shares get a lift from better-than-expected earnings

The parents of Tinder and "Grand Theft Auto" also had strong weeks on the market.

August 10, 2019 at 1:11AM
FILE -- A Lyft user requests a ride from the phone app, in New York, June 4, 2018. With its number of passengers and trip fees growing, the ride-hailing company in August 2019 said its losses would not be as bad as it previously thought. (Dave Sanders/The New York Times)
FILE -- A Lyft user requests a ride from the phone app, in New York, June 4, 2018. With its number of passengers and trip fees growing, the ride-hailing company in August 2019 said its losses would not be as bad as it previously thought. (Dave Sanders/The New York Times) (The Minnesota Star Tribune)

Revenue Lyft: Ride-hailing service Lyft jumped 5.5% to $63.58 Thursday after reporting a surge in second-quarter profit that propelled it well past Wall Street's second-quarter financial forecasts. Shares closed Friday at $59.12.

Swipe right: Match Group shares jumped 26% to $92.90 Wednesday after the operator of Tinder, OKCupid and other dating sights beat Wall Street's second-quarter earnings forecasts. The company reported a surge in Tinder subscribers and raised its revenue forecast for the year. Shares closed Friday at $85.63.

Out-Foxed: Disney dropped 5.3% to $ 134.38 Wednesday after reporting results that fell far short of analysts' forecasts. The media giant said its newly acquired Fox entertainment businesses did poorly. Shares closed the week at $138.52.

Separate ways: FedEx Corp dropped 2.6% to $156.96 Wednesday after the company confirmed it would terminate its contract with Amazon.com Inc. for small-package ground deliveries. Shares closed Friday at $162.13.

Odds get tougher: Wynn Resorts slumped 6.1% to $112.55 Monday as stocks reacted to prospects of a protracted trade war with China. The casino operator gets the majority of its revenue from the Chinese gambling haven of Macau. Shares closed Friday at $108.91.

Driving growth: Take-Two Interactive Software rose 9.3% to $126.09 Tuesday on a surge in sales of "Grand Theft Auto" and other popular video games that fueled a strong quarterly profit. The company also issued a strong sales forecast. Shares closed Friday at $128.87.

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Jeremy Olson/The Minnesota Star Tribune

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