NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Tuesday reported a loss of $30 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 42 cents.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The company posted revenue of $148.8 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $145 million.
For the year, the company reported a loss of $202.2 million, or $2.85 per share. Revenue was reported as $526.5 million.
For the current quarter ending in March, Lemonade said it expects revenue in the range of $143 million to $145 million.
The company expects full-year revenue in the range of $655 million to $657 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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