Latest News by Industry
NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Wednesday reported a loss of $63.7 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 93 cents.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.17 per share.
The company posted revenue of $88.4 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $78.9 million.
For the year, the company reported that its loss widened to $297.8 million, or $4.59 per share. Revenue was reported as $256.7 million.
For the current quarter ending in March, Lemonade said it expects revenue in the range of $87 million to $89 million.
The company expects full-year revenue in the range of $375 million to $379 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a LMND">Zacks stock report on LMND at https://www.zacks.com/ap/LMND