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Wednesday, August 12, 2020

=Lemonade (LMND) reported earnings on Wed 12 Aug 20 (b/o)

Lemonade misses by $0.90, beats on revs; guides FY20 revs below consensus

  • Reports Q2 (Jun) loss of $1.77 per share, $0.90 worse than the S&P Capital IQ Consensus of ($0.87); revenues rose 116.7% year/year to $29.9 mln vs the $29.31 mln S&P Capital IQ Consensus.
  • Co issues downside guidance for FY20, sees FY20 revs of $86-88 mln vs. $88.92 mln S&P Capital IQ Consensus.
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