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Lemonade: Q1 Earnings Snapshot

Associated Press Finance
·1-min read

NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Tuesday reported a loss of $47.3 million in its first quarter.

The New York-based company said it had a loss of 67 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 81 cents per share.

The company posted revenue of $119.1 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $112.8 million.

For the current quarter ending in June, Lemonade said it expects revenue in the range of $118 million to $120 million.

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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