Lyft forecasts slower growth in 2020, leaves target profit date unchanged
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(Reuters) - Lyft Inc on Tuesday forecast slower revenue growth in the new year and the company refused to match larger rival Uber, which recently moved up a key profit target by a year, sticking to its later date of projected profitability.Investors were left disappointed, sending shares down 5.5% after hours.While Lyft reported record quarterly revenue of more than $1 billion, it failed to change its target to achieve profitability on an adjusted basis by the end of 2021. This was in contrast..