August 8, 2019 / 6:20 AM / 3 months ago

CORRECTED-Japan's Rakuten, hit by Lyft, swings to quarterly loss

(Corrests period to April-June (not May-June))

TOKYO, Aug 8 (Reuters) - Japan’s Rakuten Inc reported an unexpected quarterly loss on Thursday as the value of its investment in ride-hailing firm Lyft Inc slumped.

The operating loss in the April-June quarter was 1.8 billion yen ($17 million), compared with a 61.6 billion yen profit in the same period a year earlier, and a 5.2 billion yen estimate from five analysts polled by Refinitiv. ($1 = 106.0200 yen) (Reporting by Sam Nussey; editing by Darren Schuettler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below