Key Takeaways Lyft shares gained nearly 16% in after-hours trading Tuesday after the ride-hailing company posted fourth-quarter earnings that came in ahead of estimates and issued better-than-expected current-quarter bookings guidance. The stock had skyrocketed more than 60% just after the earnings release owing to a mistake in Lyft's initial report, which the company clarified in its earnings call. The company said it expects to generate positive free cash flow for the first time in 2024. Lyft shares may e ...