NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Tuesday reported a loss of $43.4 million in its second quarter.
The New York-based company said it had a loss of 56 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 56 cents per share.
The company posted revenue of $294.4 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $289 million.
For the current quarter ending in September, Lemonade said it expects revenue in the range of $323 million to $326 million.
The company expects full-year revenue in the range of $1.21 billion to $1.22 billion.
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