Lemonade Shares Fall After Q2 Results
Portfolio Pulse from Erica Kollmann
Lemonade Inc (NYSE:LMND) shares fell after reporting Q2 results. The company posted a quarterly loss of 81 cents per share, beating estimates, and sales of $122 million, also surpassing expectations. Despite positive metrics, shares dropped 17.37% after-hours.
July 30, 2024 | 9:03 pm
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Lemonade Inc reported a quarterly loss of 81 cents per share, beating the consensus estimate. Sales of $122 million also surpassed expectations. Despite these positive results, shares fell 17.37% after-hours.
Lemonade's Q2 results showed better-than-expected earnings and sales, but the stock fell 17.37% after-hours. This suggests that investors may have had higher expectations or concerns about other aspects of the report.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100