A typo in Lyft’s earnings release for the fourth quarter of 2023 caused shares to reach a 52-week high on Wednesday.
The ride-hailing company announced on Tuesday that one of its profit margins was expected to increase by 500 points on Tuesday, but it was actually only expected to increase by 50 points. The mistake was the result of a “clerical error,” according to Lyft.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
