Lyft Stock Jumps 60% On Q4 Earnings Error Before Pullback



Lyft Inc (NASDAQ:LYFT) shares are trading higher in Tuesday’s after-hours session, but are well off the highs for the day. The stock initially soared more than 60% in after-hours trading on earnings before the company corrected its guidance on the conference call.

What Happened: Lyft reported fourth-quarter financial results after the market close Tuesday. The company’s results were largely in line with analyst expectations, but strong guidance sent shares racing higher.

Lyft guided for gross bookings of approximately $3.5 …

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