Lemonade’s stock rallies 9% after insurance company narrows quarterly loss

Shares of Lemonade Inc.

rose more than 9% in the extended session Wednesday after the mobile-based insurance company narrowed its quarterly loss and revenue topped expectations. Lemonade lost $61.5 million, or 88 cents a share, in the quarter, compared with $91.4 million, or $1.37 a share, in the third quarter of 2022. Revenue rose 55% to $114.5 million, the company said, mostly on an increase in gross earned premiums. FactSet consensus expected the company to report a GAAP loss of 94 cents a share on sales of $104.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

MarketWatch /  🏆 3. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

SolarEdge’s stock tanks 22% after company swings to surprise loss, revenue dropClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »