Diamonds and Dogs


Lyft (LYFT) getting a lift. The ride sharing firm is jumping 34% after beating earnings even as sales actually missed estimates. However, the company expects free cash flow for the full year, first time in the firm's history and guidance for mid-teens total rides growth for 2024.

Kraft (KHC) has a food inflation problem. Kraft is down 5% after beating earnings estimates but missed on sales. Kraft is blaming the miss on a consumer pullback due to higher food prices, particularly in the US. Breaking it down further, Kraft saw weakness in the company's Easy Meals, particularly in sales of macaroni and cheese.

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