HyreCar shares rise 5% on better-than-expected revenue, earnings

HyreCar Inc. /zigman2/quotes/200312721/composite HYRE -2.88% shares were up 5% in after-hours trading Thursday after the online car-sharing service reported fiscal second-quarter results that shot past Wall Street estimates. HyreCar reported an adjusted loss of $1.7 million, or 10 cents a share, compared with a loss of $1.4 million, or 12 cents a share, in the year-ago quarter. Revenue jumped 47% to $5.6 million from $3.8 million a year ago. Analysts surveyed by FactSet had expected a loss of 19 cents a share on revenue of $5.1 million. HyreCar shares are up 39.5% this year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.72% has improved 4.4% in 2020.

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HyreCar Inc.

US : U.S.: Nasdaq

$ 8.09

-0.24 -2.88%

Volume: 456,641

Jan. 15, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$147.66 million

Rev. per Employee

$184,360

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

3,768.25

-27.29 -0.72%

Volume: 2.74B

Jan. 15, 2021 5:18p