Lyft stock drops after earnings show key misses

Lyft reported disappointing third-quarter earnings results on Monday after the closing bell, with both earnings and revenue missing analyst estimates.
Here's what Lyft reported, as compared to analysts' estimates compiled by Bloomberg:

Last week, the company announced it was laying off 13% of its staff, joining the wave of tech companies that are laying off employees in droves.
Lyft was also coming into Monday pressured by Uber's earnings win last week. Though Uber missed on expectations for gross bookings and reported greater losses per share than expected, the company's revenue rose 72% year-over-year.
Lyft's shares were off more than 69% year-to-date. Meanwhile, the tech-heavy Nasdaq has declined more than 8.5% and Uber's shares are down about 30% during the same period.