NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Wednesday reported a loss of $37.5 million in its third quarter.
On a per-share basis, the New York-based company said it had a loss of 51 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 72 cents per share.
The company posted revenue of $194.5 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $189 million.
For the current quarter ending in December, Lemonade said it expects revenue in the range of $217 million to $222 million.
The company expects full-year revenue in the range of $727 million to $732 million.
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