Lyft (LYFT) reported late Thursday swing to Q1 earnings of $0.01 per diluted share from a loss of $0.08 a year earlier.

Analysts polled by FactSet expected a loss of $0.01.

Revenue for the quarter ended March 31 was $1.45 billion, up from $1.28 billion a year earlier.

Analysts surveyed by FactSet expected $1.47 billion.

The company set Q2 gross bookings guidance of $4.41 billion to $4.57 billion. Analysts expect $4.48 billion.

The company said its board authorized increasing its share repurchase program to $750 million.

Shares were up more than 7% in after-hours activity.