Lemonade: Q1 Earnings Snapshot
Posted May 11, 2021 2:40 pm.
Last Updated May 11, 2021 2:47 pm.
This article is more than 5 years old.
NEW YORK (AP) _ Lemonade, Inc. (LMND) on Tuesday reported a loss of $49 million in its first quarter.
The New York-based company said it had a loss of 81 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 76 cents per share.
The company posted revenue of $23.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $22.1 million.
For the current quarter ending in July, Lemonade said it expects revenue in the range of $26 million to $27 million.
The company expects full-year revenue in the range of $117 million to $120 million.
Lemonade shares have fallen 40% since the beginning of the year.
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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
The Associated Press
