Lyft Me Up! Shares Soar Like a Dolphin Outta Water!

Alrighty Then! A Stock Report is Born!

Greetings Earthlings! Ace Ventura Pet Detective *and* financial guru here! Okay maybe not the 'guru' part yet. But I *am* on the case! Seems our friends at Lyft that's L Y F T folks had themselves a party! Shares went up up UP! Like a rhino giving birth to a…well a *slightly* smaller rhino! A whopping 23% increase they had. Turns out they boosted their share buyback plan like it was a freshly squeezed glass of orange juice. *gulp*

No Worries Mon! CEO's Chill Pill

Lyft CEO David Risher cool as a cucumber in a catsuit told CNBC there's "nothing to worry about," despite all this economic doom and gloom. "Our team is stronger than it's ever been!" he exclaimed "and the consumer demand is absolutely there!" Now I don't know about *you* but that sounds like a guy who knows his stuff. Or at least *sounds* like it. Maybe he's got a little penguin in his pocket whispering sweet nothings. Gotta investigate this further... *shifty eyes*

Gross Bookings? Sounds Kinda...Gross

Gross bookings people! Not sure what *that* means exactly but it sounds like something you find behind a dumpster. Luckily in Lyft's case it's a good thing! They had $4.16 billion worth of it exceeding expectations which beat a $4.15 billion estimate from StreetAccount. And rides? Up 16%! That's a lot of folks avoiding rush hour traffic. Smart move! You go Glen Coco!

A Loss is a Loss...Unless its Profit

Okay the news wasn't *all* sunshine and rainbows. Revenues didn't quite hit the mark falling short of LSEG's estimate. But hold your horses! They actually made a profit of $2.57 million! That's a turnaround worthy of a toucan in a tutu! Last year they were swimming in the red. Now they're doing the limbo under the bar of success. Bend over and...*Wooooo!*

Show Me the Money! (Share Buyback Edition)

And here's the kicker: Lyft's board authorized boosting the share repurchase plan to $750 million. That's a lotta clams! Think of all the birds I could buy with that kind of dough! Or maybe I'll just invest it...Nah! Birds are way more fun. Engine Capital an activist investor even called off their campaign because of this! It's like the Miami Dolphins suddenly deciding they *like* Dan Marino. Unheard of!

Goldman Sachs Gives the Thumbs Up! (Ish)

Even Goldman Sachs those fancy pants financiers upgraded Lyft's stock! They're saying the rides and bookings are booming and the industry's stable. Stable! Like a horse in a…well a stable! So there you have it folks. Lyft's riding high and I Ace Ventura am here to sniff out all the financial shenanigans. Now if you'll excuse me I have a sudden craving for tuna sandwiches. *high pitched voice* Tuna tuna tuna!!!