Lemonade Q3 2023 EPS $(0.88) Beats $(0.94) Estimate, Sales $114.50M Beat $104.46M Estimate
Portfolio Pulse from totan@benzinga.com
Lemonade (NYSE:LMND) reported Q3 2023 earnings per share (EPS) of $(0.88), beating the analyst consensus estimate of $(0.94) by 6.38%. This is a 35.77% increase over losses from the same period last year. The company also reported quarterly sales of $114.50 million, beating the analyst consensus estimate of $104.46 million by 9.61%. This is a 54.73% increase over sales from the same period last year.
November 01, 2023 | 9:08 pm
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POSITIVE IMPACT
Lemonade's Q3 2023 earnings and sales beat analyst estimates, showing significant YoY growth. This could positively impact the company's stock in the short term.
Lemonade's better-than-expected Q3 2023 earnings and sales, along with significant YoY growth, indicate strong financial performance. This could boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100