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Read the latest news about Lyft s stock surge of 67% due to a clerical error in the company s outlook for profitability. Find out how the mistake overshadowed an otherwise strong earnings report and bookings projections. Learn more about Lyft s market share compared to Uber.
IT was, without a doubt, a strong earnings report. Lyft Inc. projected adjusted earnings as much as 11 percent higher than analysts’ estimates, and reported bookings ahead of expectations. And then there was the outlook for profitability: Margins, the ride-hailing provider said in an initial press release, were set to…