Lyft shares sink 9% on underwhelming fourth-quarter results
1. Lyft shares dropped over 9% following weak fourth-quarter results. 2. Revenue of $1.55 billion fell short of $1.56 billion expectations. 3. Anticipated bookings range lowered to $4.05-$4.20 billion, below expectations. 4. Pricing cuts applied to compete, may reduce gross bookings by low single-digits. 5. 24.7 million active riders surpassed the 24.6 million estimate.