Lyft raises forecast for 2019 as price war with Uber eases, ridership rises
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(Reuters) - Lyft Inc posted a robust jump in revenue on Wednesday in its second-quarter results, allowing the ride-hailing company to lift its forecasts as more riders used the service and price competition with rival Uber eased.The company boosted its revenue outlook for the year to above Wall Street estimates and estimated third-quarter sales would exceed expectations, sending shares up 11.6% after hours. A 72% jump in revenue was fuelled by more active riders, who spent about a quarter more..