Lemonade: Q2 Earnings Snapshot

Associated Press Finance
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NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Tuesday reported a loss of $57.2 million in its second quarter.

On a per-share basis, the New York-based company said it had a loss of 81 cents.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 85 cents per share.

The company posted revenue of $122 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $122.5 million.

For the current quarter ending in September, Lemonade said it expects revenue in the range of $124 million to $126 million.

The company expects full-year revenue in the range of $511 million to $515 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