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1. • This is actually a correction

     • "This is actually a correction from the press release," Erin Brewer, Lyft's CFO, told an earnings call, less than an hour after the company issued its initial-and-quickly-corrected forecast in its fourth-quarter earnings report. In an amended regulatory filing, Lyft called the misstated margin "a clerical error."
     www.cbsnews.com/news/lyft-shares-profit-margins-typo-regulatory-filing/

     Typo in Lyft earnings sends shares aloft nearly 70% - CBS News

2. People also ask

   Is Lyft a correction for the press release?

   • “This is actually a correction for the press release,” Brewer said. Lyft’s stock surged to $19.70 at its post-earnings release high, after trading around $12 per share during the day, representing a gain of 62% from its close.

   A typo in Lyft’s earnings release sends stock soaring – briefly

   www.cnn.com/2024/02/13/business/lyft-stock-earnings-report-typo/index.html

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   Did Lyft make a mistake in a press release?

   • Lyft's mistake in a press release briefly sent its shares soaring. It was, without a doubt, a strong earnings report. Lyft Inc. projected adjusted earnings as much as 11% higher than analysts’ estimates, and reported bookings ahead of expectations.

   Lyft's monumental 'clerical error' sent its shares soaring 67% before

   fortune.com/2024/02/13/lyft-earnings-outlook-correction-share-price/

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   Did Lyft make a correct estimate on its earnings call?

   • On Lyft’s earnings call, held shortly after the release, the company’s chief financial officer, Erin Brewer, provided the correct estimate. “This is actually a correction for the press release,” Brewer said.

   A typo in Lyft’s earnings release sends stock soaring – briefly

   www.cnn.com/2024/02/13/business/lyft-stock-earnings-report-typo/index.html

   See all results for this question

   What happened to Lyft shares after the market correction?

   • After the market correction, Lyft shares leveled off and were up around 16% over the closing price. Lyft's CEO said that while multiple people take hours to check and double-check earnings statements like these, it was still his fault.

   Lyft CEO Says Earnings Typo Was 'My Bad,' CFO's Job Is Safe

   www.businessinsider.com/lyft-ceo-comments-earnings-typo-cfo-job-safe-2024-2

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   What happened to Lyft shares after Brewer's correction?

   • After Tuesday's brief after-hours surge, Lyft shares reversed course as Brewer's correction was digested. Lyft shares on Wednesday closed 35% higher as even the corrected earnings report was a good one, with Lyft tallying bookings that surpassed expectations. Kate Gibson is a reporter for CBS MoneyWatch in New York.

   Typo in Lyft earnings sends shares aloft nearly 70% - CBS News

   www.cbsnews.com/news/lyft-shares-profit-margins-typo-regulatory-filing/

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   Why did Lyft stock surge 60% in after-hours trading?

   • Lyft CEO David Risher took full responsibility for the typo in the company's earnings release that led the company's stock to surge more than 60% in after-hours trading on Tuesday. "Well, first of all, it's on me," Risher said in a Bloomberg interview on Wednesday. "There are a lot of eyes on this press release, but at the end of the day, my bad."

   Lyft CEO Says Earnings Typo Was 'My Bad,' CFO's Job Is Safe

   www.businessinsider.com/lyft-ceo-comments-earnings-typo-cfo-job-safe-2024-2

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3. www.ft.com › content › e3d640bc-b8ed-4efa-8318-3fLyft shares go on wild ride after earnings release error

   www.ft.com › content › e3d640bc-b8ed-4efa-8318-3f

   Feb 14, 2024 · “This is actually a correction from the press release,” Brewer said. Lyft shares jumped 35.1 per cent on Wednesday. The mistake adds to years of woes for Lyft’s shares, which have lost...

4. fortune.com › 2024/02/13 › lyft-earnings-outlookLyft’s monumental ‘clerical error’ in a press release sent ...

   fortune.com › 2024/02/13 › lyft-earnings-outlook

   • Cached

   Feb 13, 2024 · Lyft's mistake in a press release briefly sent its shares soaring. Michael M. Santiago/Getty Images. It was, without a doubt, a strong earnings report. Lyft Inc. projected adjusted earnings...

5. www.cnn.com › 2024/02/13 › businessA typo in Lyft’s earnings release sends stock soaring - CNN

   www.cnn.com › 2024/02/13 › business

   • Cached

   Feb 14, 2024 · On Lyft’s earnings call, held shortly after the release, the company’s chief financial officer, Erin Brewer, provided the correct estimate. “This is actually a correction for the press...

6. www.cnn.com › 2024/02/14 › businessEveryone needs an editor. Lyft just learned it the hard way - CNN

   www.cnn.com › 2024/02/14 › business

   • Cached

   Feb 14, 2024 · The good news for Lyft is that it’s easier than ever to instantly issue a correction and distribute it across the internet.

7. www.cbsnews.com › news › lyft-shares-profit-marginsTypo in Lyft earnings sends shares aloft nearly 70% - CBS News

   www.cbsnews.com › news › lyft-shares-profit-margins

   • Cached

   Feb 14, 2024 · "This is actually a correction from the press release," Erin Brewer, Lyft's CFO, told an earnings call, less than an hour after the company issued its initial-and-quickly-corrected forecast...

8. gizmodo.com › lyft-typo-press-release-stock-marketLyft Says Extra Zero in Earnings Report Was a Typo, Crushes ...

   gizmodo.com › lyft-typo-press-release-stock-market

   Feb 14, 2024 · “This is actually a correction for the press release,” Brewer said. The company’s stock proceeded to tumble, dropping to at least $14.05 by Tuesday evening. Lyft was priced at...

9. www.businessinsider.com › lyft-ceo-commentsLyft CEO Says Earnings Typo Was 'My Bad,' CFO's Job Is Safe ...

   www.businessinsider.com › lyft-ceo-comments

   • Cached

   Feb 14, 2024 · Answering the natural follow-up question on everyone's mind, a Lyft spokesperson told Business Insider that no, the press release wasn't generated by AI.