Typo in Lyft earnings sends shares aloft nearly 70%
CBSN
What a difference a zero can make.
Lyft shares went on a short-lived ride after Tuesday's closing bell, surging as much as 67% after the company issued an outlook mistakenly projecting that its margins would expand an astounding 500 basis points.
Less than an hour later, the ride-sharing provider offered that the estimate had missed the mark — by a lot, with the real estimate at 50 basis points, or a half of a percentage point.
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