Lyft shares up 16% in premarket trade, retaining some gains after forecast error

A Lyft sign is seen in the pick-up area at JFK Airport in New York City on April 28, 2023.Lyft shares were 16% higher in premarket trade on Wednesday, retaining some gains after the company said it made a major error in a press release reporting its latest results, but still outperformed analyst estimates.A release initially said the company was forecasting a 500 basis point, or 5%, expansion of its adjusted earnings margin for 2024. The correct figure, the company clarified later, should have been 50 basis ...