Lemonade, Inc. (LMND) plunged over 15% in post-market trading on Tuesday, following the release of its fourth-quarter 2024 earnings report. The insurance tech company's stock tumbled despite beating revenue expectations for the quarter.
Q4 Results and Outlook:
- Revenue: $148.8 million vs. $144.8 million expected
- Adjusted EPS: Loss of $0.42 vs. expected loss of $0.61
- Q1 2025 Revenue Guidance: $143 million - $145 million (consensus $152 million)
- FY 2025 Revenue Guidance: $655 million - $657 million
Lemonade's better-than-expected top-line performance was overshadowed by the wider net loss reported for the quarter. The company's failure to meet profitability targets appears to be the primary driver behind the stock's sharp sell-off in after-hours trading.
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