Shares of Lyft (NASDAQ:LYFT) are soaring in pre-market trading after the ride-hailing company reported better than expected fourth quarter results and provided upbeat guidance.

Investing platform Robinhood (NASDAQ:HOOD) is also seeing significant pre-market strength after reporting fourth quarter results that exceeded analyst estimates on both the top and bottom lines.

On the other hand, shares of Akamai Technologies (NASDAQ:AKAM) may come under pressure after the server network provider reported better than expected fourth quarter earnings but weaker than expected revenues.