Lyft Shares Soar 62% Following Strong Q4 Earnings Report

Ride-hailing firm Lyft (NASDAQ:LYFT) saw its shares surge 62% in after-market trading, following its Q4 earnings announcement on Tuesday, Feb. 13.The San Francisco-based company surprised markets with a “beat and raise” quarter. Quarterly revenues of $1.224 billion beat estimates of$1.219 billion by 0.4%, while adjusted earnings per share of 18 cents beat expectations of 8 cents by 125%.CEO David Risher attributed this success to the company’s ambitious goals and customer-centric approach. “In 2024, we’ll ...