NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Wednesday reported a loss of $67.7 million in its third 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 six analysts surveyed by Zacks Investment Research was for a loss of $1.02 per share.
The company posted revenue of $136.6 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $127 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
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