US Stock Market Move | The outlook for Q1 bookings is not good, Lyft Inc (LYFT.US) fell more than 7%.

On Wednesday, Lyft Inc (LYFT.US) fell more than 7% to $13.29. On the news front, the company released disappointing first-quarter total booking outlook and warned that cold weather had hurt demand for ride-hailing and bike rentals. According to the company's statement, total bookings for the first three months of 2025 are expected to be between $4.5 billion and $4.2 billion, below Wall Street's expectations of $4.23 billion. Adjusted pre-tax depreciation and amortization profit is expected to be between $90 million and $95 million, also lower than expected.