Lemonade: Q3 Earnings Snapshot

Associated Press Finance
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NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Wednesday reported a loss of $61.5 million in its third quarter.

On a per-share basis, the New York-based company said it had a loss of 88 cents.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 93 cents per share.

The company posted revenue of $114.5 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $104.2 million.

For the current quarter ending in December, Lemonade said it expects revenue in the range of $107 million to $109 million.

The company expects full-year revenue in the range of $421 million to $423 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

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