Lemonade: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 06:57 PM ET
Last Updated - Jun 21, 2023, 11:09 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Wednesday reported a loss of $65.8 million in its first quarter.
On a per-share basis, the New York-based company said it had a loss of 95 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share.
The company posted revenue of $95.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $88.4 million.
