Shares of Lemonade, Inc. (LMND) plummeted 12.26% in after-hours trading on Tuesday, following the insurance company's fourth quarter earnings release. While Lemonade beat top-line expectations, reporting revenue of $148.8 million versus the $144.8 million consensus, the company missed significantly on the bottom line.
Lemonade posted an adjusted loss per share of $0.42 for Q4, wider than analysts' expectations of a $0.61 per share loss. The earnings disappointment appears to be the primary driver behind the stock's sharp sell-off in extended trading.
In the shareholder letter, Lemonade touted progress with its new "Synthetic Agents" program launched last year. However, this was overshadowed by the company's failure to meet profitability targets. Investors reacted negatively, sending Lemonade shares tumbling in the after-hours session.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。