NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Tuesday reported a loss of $43.9 million in its second quarter.
The New York-based company said it had a loss of 60 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 81 cents per share.
The company posted revenue of $164.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $162.4 million.
For the current quarter ending in September, Lemonade said it expects revenue in the range of $183 million to $186 million.
The company expects full-year revenue in the range of $710 million to $715 million.
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