Lyft Inc. issued a massive correction to its outlook for earnings margin in 2024, saying its margin is expected to expand by 50 basis points — not the 500 basis points written into an earnings presentation released earlier on Tuesday. “This is actually a correction from the press release,” Erin Brewer, Lyft’s chief financial officer, said in a call with analysts. “In my prepared remarks, I referenced 50 basis points of margin expansion.” A spokesperson for the company attributed the correction to a clerical error. The blowout forecast may have contributed to a surge in Lyft’s shares in after-market trading on ... (full story)