NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Tuesday reported a loss of $62.4 million in its first quarter.
The New York-based company said it had a loss of 86 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 94 cents per share.
The company posted revenue of $151.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $143.9 million.
For the current quarter ending in June, Lemonade said it expects revenue in the range of $157 million to $159 million.
The company expects full-year revenue in the range of $661 million to $663 million.
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