Lemonade: Q2 Earnings Snapshot
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NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Wednesday reported a loss of $67.2 million in its second quarter.
The New York-based company said it had a loss of 97 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.03 per share.
The company posted revenue of $104.6 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $97.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LMND at https://www.zacks.com/ap/LMND
