NEW YORK (AP) — NEW YORK (AP) — Via Transportation Inc. (VIA) on Tuesday reported a loss of $20.1 million in its first quarter.
The New York-based company said it had a loss of 25 cents per share. Losses, adjusted for one-time gains and costs, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The rideshare company geared toward municipal transit agencies posted revenue of $127.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $123.5 million.
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