Lyft expects a strong second-half of the year, and guided for third-quarter gross bookings to rise 13% to 17%, to between $4.65 billion and $4.8 billion. Analysts are looking for gross bookings of $4.59 billion.

Lyft Inc. shares slid in late Wednesday trading after the ride-hailing company reported revenue that fell short of Wall Street’s expectations, stoking concerns about its efforts to expand globally.

Lyft missed second-quarter revenue estimates on Wednesday, weighed down by intensifying competition with Uber and weakening U.S. travel demand, sending its shares down about 9% in trading after the bell.