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NEW YORK (AP) — NEW YORK (AP) — Lemonade, Inc. (LMND) on Wednesday reported a loss of $65.8 million in its first quarter.
On a per-share basis, the New York-based company said it had a loss of 95 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share.
The company posted revenue of $95.2 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $88.4 million.
For the current quarter ending in June, Lemonade said it expects revenue in the range of $96 million to $98 million.
The company expects full-year revenue in the range of $392 million to $396 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a LMND">Zacks stock report on LMND at https://www.zacks.com/ap/LMND