Lemonade Expects Q4 Revenue of $144M - $146M; Raises FY24 Outlook From $511M - $515M To $522M- $524M (Est $514.47M)
Portfolio Pulse from Benzinga Newsdesk
Lemonade has updated its financial outlook, expecting Q4 revenue between $144M and $146M, and raising its FY24 revenue forecast from $511M-$515M to $522M-$524M, surpassing the estimated $514.47M.
October 30, 2024 | 9:06 pm
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Lemonade has increased its FY24 revenue outlook to $522M-$524M, surpassing previous estimates. The company also expects Q4 revenue between $144M and $146M.
Lemonade's raised revenue outlook for FY24 and Q4 indicates strong business performance and growth potential, likely boosting investor confidence and positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100