Lemonade Q3 2024 GAAP EPS $(0.95) Beats $(0.97) Estimate, Sales $136.60M Beat $129.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lemonade (NYSE:LMND) reported Q3 2024 results with a GAAP EPS of $(0.95), beating the estimate of $(0.97). Sales reached $136.60M, surpassing the $129.16M estimate and marking a 19.30% increase from the previous year.
October 30, 2024 | 8:43 pm
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POSITIVE IMPACT
Lemonade's Q3 2024 earnings report shows a smaller-than-expected loss per share and higher-than-expected sales, indicating positive financial performance.
Lemonade's reported EPS of $(0.95) was better than the expected $(0.97), and sales of $136.60M exceeded the $129.16M estimate. This positive surprise in both earnings and sales suggests a potential short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100