Lemonade Q2 EPS $(0.97) Beats $(1.03) Estimate, Sales $104.60M Beat $97.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lemonade (NYSE:LMND) reported Q2 losses of $(0.97) per share, beating the analyst consensus estimate of $(1.03) by 5.83%. This is an 11.82% increase over losses from the same period last year. The company also reported quarterly sales of $104.60 million, beating the analyst consensus estimate of $97.53 million by 7.25%. This is a 109.20% increase over sales from the same period last year.
August 04, 2023 | 12:27 pm
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Lemonade's Q2 results beat analyst estimates, with losses per share improving by 11.82% and sales increasing by 109.20% YoY.
Lemonade's Q2 results exceeded analyst expectations, with both losses per share and sales beating estimates. The improvement in losses and significant increase in sales YoY indicate a positive financial performance, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100