Tag: earnings typo
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An Earnings Report Typo Sent Lyft Up 60%
Whoops! Earlier today, shares of Lyft (LYFT) were up about 60% on news its gross margin would expand by 500 basis points or five percentage points. Unfortunately, those numbers were a bit off. The company’s actual estimate is much lower than 500 basis points. There was an extra zero attached. Its real number should have…