Was Lyft inventory’s bonkers after-hours rally as a result of mistake in earnings launch?

When Lyft Inc. put out its earnings launch Tuesday afternoon, the ride-hailing platform forecast a acquire this yr in an adjusted revenue metric. However in the course of the firm’s earnings name later within the day, administration issued a correction, saying that improve was, the truth is, smaller than what it mentioned the primary time round.

Shares, within the course of, ballooned in worth after hours — rocketing upwards of 60% greater at one level — then rapidly contracted earlier than settling to still-solid positive factors of round 16%.

Lyft…