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1. • • Lyft shares jumped as much as 66% in after-hours trading Tuesday after a typo in its latest earnings report suggested one measure of the company’s profitability could greatly increase this year—though the stock has since plateaued at around 16% above its closing price, after Lyft revealed the increase was exaggerated by a factor of 10.
     www.forbes.com/sites/antoniopequenoiv/2024/02/13/lyft-shares-surge-60-after-typo-in-earnings-report/

     Lyft Shares Surge 60% After Typo In Earnings Report - Forbes

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   Why did Lyft stock jump 66% in after-hours trading Tuesday?

   • Lyft shares jumped as much as 66% in after-hours trading Tuesday after a typo in its latest earnings report suggested one measure of the company’s profitability could greatly increase this year—though the stock has since plateaued at around 16% above its closing price, after Lyft revealed the increase was exaggerated by a factor of 10.

   Lyft Shares Surge 60% After Typo In Earnings Report - Forbes

   www.forbes.com/sites/antoniopequenoiv/2024/02/13/lyft-shares-surge-60-after-typo-in-earnings-report/

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

   • The company's stock soared over 60% in after-hours trading, a move likely exacerbated by trading algorithms that didn't immediately catch that a five-percentage-point increase in margins might be a mistake. Read below for a few that weren't. Lyft's financial chief quickly corrected the mistake and the stock rally unwound (mostly).

   Lyft Isn't Alone: A Brief History of Typos That Moved Markets

   www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-02-14-2024/card/lyft-isn-t-alone-a-brief-history-of-typos-that-moved-markets-zHU80Kwt9ksGYHFx0x8n

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   Why did Lyft stock hit a 52-week high?

   • Photo: Loren Elliott/Bloomberg News Lyft LYFT -5.48% shares hit a 52-week high Wednesday following the company’s strong fourth-quarter results and despite confusion caused by a mistake in its earnings release. Lyft’s release Tuesday said one of its profit margins was expected to expand by 500 basis points—or 5 percentage points—in 2024.

   Lyft Shares Surge as Strong Earnings Report Offsets Typo Confusion

   www.wsj.com/business/earnings/lyft-earnings-typo-sends-stock-soaring-9b4ad02b

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   Did Lyft add an extra zero to its profitability measure?

   • On Tuesday, Lyft executed a relatively unique one: adding an extra zero to a closely watched profitability measure. The company's stock soared over 60% in after-hours trading, a move likely exacerbated by trading algorithms that didn't immediately catch that a five-percentage-point increase in margins might be a mistake.

   Lyft Isn't Alone: A Brief History of Typos That Moved Markets

   www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-02-14-2024/card/lyft-isn-t-alone-a-brief-history-of-typos-that-moved-markets-zHU80Kwt9ksGYHFx0x8n

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   Can Lyft mess up quarterly earnings reports?

   • There are many ways for a company to mess up quarterly earnings reports. On Tuesday, Lyft executed a relatively unique one: adding an extra zero to a closely watched profitability measure. The

   Lyft Isn't Alone: A Brief History of Typos That Moved Markets

   www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-02-14-2024/card/lyft-isn-t-alone-a-brief-history-of-typos-that-moved-markets-zHU80Kwt9ksGYHFx0x8n

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   Did Lyft change its pricing strategy?

   • But he said the company hadn’t changed its strategy on pricing in response to any moves from Uber. For the fourth quarter, Lyft reported a net loss of $26.3 million, or 7 cents a share, far narrower than the loss of $588.1 million, or 1.61 a share, in the same quarter of the prior year.

   Lyft’s stock had a bonkers after-hours rally. Was it due to a typo in its ea…

   www.marketwatch.com/story/lyfts-stock-rallies-on-strong-forecasts-heres-where-the-company-is-doubling-down-29f1bad6

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3. www.forbes.com › sites › antoniopequenoivLyft Shares Surge 60% After Typo In Earnings Report - Forbes

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   Feb 14, 2024 · Key Facts. Lyft closed at $12.12 per share, but spiked to $20.04 around 4:40 p.m. ET after traders were led to believe Lyft’s adjusted EBITDA margin as a percentage of bookings could expand 500...

4. www.marketwatch.com › story › lyfts-stock-rallies-onLyft’s stock had a bonkers after-hours rally. Was it due to a ...

   www.marketwatch.com › story › lyfts-stock-rallies-on

   Feb 13, 2024 · Shares, in the process, ballooned in value after hours — rocketing upwards of 60% higher at one point — then quickly contracted before settling to still-solid gains of around 16%.

5. www.wsj.com › livecoverage › stock-market-today-dowLyft Isn't Alone: A Brief History of Typos That Moved Markets

   www.wsj.com › livecoverage › stock-market-today-dow

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   Feb 14, 2024 · On Tuesday, Lyft executed a relatively unique one: adding an extra zero to a closely watched profitability measure. The company's stock soared over 60% in after-hours trading, a move likely ...

   • Author: Chelsey Dulaney

6. finance.yahoo.com › news › why-lyft-lyft-stockWhy Lyft (LYFT) Stock Is Trading Up Today - Yahoo Finance

   finance.yahoo.com › news › why-lyft-lyft-stock

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   Feb 14, 2024 · Interestingly, the initial company release had a typo. Instead of guiding to a 50 basis point (0.5 percentage points) increase in 2024 adjusted EBITDA, the text stated 500 basis points (5...

7. www.forbes.com.au › news › investingLyft shares surge 60% after typo in earnings report

   www.forbes.com.au › news › investing

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   Feb 14, 2024 · Lyft shares jumped as much as 66% in after-hours trading Tuesday after a typo in its latest earnings report suggested one measure of the company’s profitability could greatly increase this year.

8. www.wsj.com › business › earningsLyft Shares Surge as Strong Earnings Report Offsets Typo ...

   www.wsj.com › business › earnings

   Feb 14, 2024 · Shares had risen more than 60% in off-hours trading after the company’s release accidentally added an extra zero to a key number.

9. seekingalpha.com › news › 4066485-lyft-shares-go-onLyft shares go on wild after-hours ride following earnings typo

   seekingalpha.com › news › 4066485-lyft-shares-go-on

   Feb 13, 2024 · Shares of Lyft (LYFT) soared more than 60% before falling back down close to unchanged in a matter of minutes due to a press release discrepancy.