Tag: earnings typo

  • An Earnings Report Typo Sent Lyft Up 60%

    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‚Äôs actual estimate is much lower than 500 basis points. There was an extra zero attached. Its real number should have…