Lyft guided for a deceleration in its bookings growth for the first quarter, sending its stock lower after reporting fourth-quarter results.

The stock was down 11% to $12.8 in post-market trading on Tuesday. Through the close shares are up 19% in last year.

The ride-sharing company on said it expects first-quarter gross bookings to rise 10% to 14% to between $4.05 billion and $4.20 billion amid price increases and expected rides growth in the mid teen on a percentage basis. Wall Street forecasted for higher growth, with an estimate for gross bookings of $4.24 billion.

Last week, rival Uber Technologies' shares declined after the company reported lower-than-expected income for the fourth quarter, despite delivering an outlook for the first quarter that was broadly in line with analysts' forecasts.

Lyft's worse-than-expected guidance came after the company logged a jump in quarterly revenue as more people used the ride-sharing app.

In the fourth quarter, the company logged gross bookings growth of 15% to $4.3 billion, and a 10% increase in active riders to 24.7 million. Analysts surveyed by FactSet expected $4.32 billion in gross bookings and 24.6 million active users.

Lyft posted a quarterly profit of $61.7 million compared with a loss of $26.3 million a year ago. Wall Street analysts had expected a loss of $3.4 million.

Revenue rose to $1.55 billion from $1.22 billion a year earlier, below the $1.56 billion forecast by Wall Street.

Lyft also said it would spend $500 million to buyback its shares in a move approved by its board of directors. The company didn't provide a timeline for the stock repurchases.