November 5, 2019

Chart of the Day: Russell 1000 Transportation YoY Net Income

by David Aurelio.

The Russell 1000’s transportation industry group is expected to see 19Q3 net income increase 4.5% from the prior year. Within the group the largest drag is the trucking sub-industry, which is expected to decline 55.2%. Ride sharing giants, and sub-industry constituents, Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) both beat net income expectations, but saw year-on-year (YoY) net income declines of 17.8% and 86% respectively. Analysts anticipate that Lyft will be the first to reach positive YoY net income in the first quarter of 2020.

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