NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Thursday reported a loss of $21.7 million in its fourth quarter.
The New York-based company said it had a loss of 29 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The company posted revenue of $228.1 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $216.7 million.
For the year, the company reported a loss of $165.5 million, or $2.24 per share. Revenue was reported as $737.9 million.
For the current quarter ending in March, Lemonade said it expects revenue in the range of $246 million to $251 million.
The company expects full-year revenue of $1.19 billion.
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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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