Lyft projects strong fourth-quarter bookings on robust commuter demand, shares jump


FILE PHOTO: An empty Lyft pick-up area is shown as rideshare drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'', in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake/File Photo

(Reuters) -Lyft on Wednesday forecast current-quarter gross bookings above estimates after posting upbeat quarterly sales, indicating steady demand for its ride-hailing services from people returning to workplaces.

Lyft shares, which typically see substantial price swings following its quarterly earnings, jumped about 22% in extended trading.

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