Lyft gains on Q4 gross bookings forecast beat, upbeat Q3 results
** Shares of ride-hailing platform LYFT.O rise 20% to $17.4 in extended trading
** Revenue surges 31.5% to $1.52 bln in Q3, surpassing analysts' average estimate of $1.44 bln — LSEG
** Lyft forecasts gross bookings between $4.28 bln and $4.35 bln in Q4, above estimates of $4.23 bln
** Company sees current-quarter adjusted core earnings of $100 mln to $105 mln, higher than expectations of $85.1 mln
** LYFT posts adj EBITDA of $107.3 mln in Q3, beating expectations of $94.4 mln
** Stock has fallen 4% YTD
Reporting by Akash Sriram in Bengaluru
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