Closing Bell Earnings Special: Lyft Gains, Airbnb Mixed, Sweetgreen Slides

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec
A roundup of some earnings after the bell, including: Instacart, Akamai,, Airbnb, Lyft, Sweetgreen, Twilio

- Airbnb (ABNB) boosted its annual revenue forecast after seeing robust global travel demand, particularly in the US and Europe. The company now sees annual revenue growth improving by a percentage of “at least mid teens” and boosted its full-year margin forecast for adjusted earnings. Airbnb’s optimistic outlook suggests that travel demand remains healthy, with overall nights and seats booked jumping 10% to 148.3 million in the second quarter.

- Lyft (LYFT) posted second-quarter bookings that beat expectations, citing growing demand for premium rides and strength in the European business it acquired last year. Gross bookings totaled $5.5 billion for the three months ended June 30, up 23% from a year earlier, and topped the $5.37 billion average of analyst estimates. Lyft expects the momentum to continue for the rest of the year, projecting that North American rideshare volume will grow at a faster clip in the second half of the year than in the first.

- Sweetgreen (SG) cut its annual outlook after warning that diners are eating less fresh prepared foods following the cyclospora outbreak. The company now expects comparable sales to plummet as much as 8% this year, due to reduced consumer demand for fresh prepared foods. Sweetgreen shares fell more than 15% in postmarket trading in New York, after the company reported a decline in sales at established locations

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