Stock Track | Lemonade Stock Soars on Impressive Q3 Results, Stronger Outlook

Stock Track10-31

Shares of Lemonade, Inc. (LMND) skyrocketed in pre-market trading on October 31st, 2024, surging as much as 22.85%. This significant jump came in response to the insurtech company's impressive third-quarter earnings report released the previous day, which exceeded analysts' expectations across multiple key metrics.

For the quarter ended September 2024, Lemonade posted revenue of $136.6 million, marking a 19.3% year-over-year increase and surpassing the Zacks Consensus Estimate of $127.02 million. This robust revenue growth can be attributed to the company's successful customer acquisition strategies and product diversification efforts.

Furthermore, Lemonade's net loss for the quarter came in at $67.7 million, or $0.95 per share, beating analysts' expectations of a $1.02 loss per share. While still reporting a loss, the company demonstrated significant improvements in profitability measures, with an adjusted EBITDA loss of $49 million, better than the projected range of $56-$58 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1119151368?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 21:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1119151368","market":"hk","top_or_hot":-1,"title":"Stock Track | Lemonade Stock Soars on Impressive Q3 Results, Stronger Outlook","media":"Stock Track","content":"<p>Shares of Lemonade, Inc. (LMND) skyrocketed in pre-market trading on October 31st, 2024, surging as much as 22.85%. This significant jump came in response to the insurtech company's impressive third-quarter earnings report released the previous day, which exceeded analysts' expectations across multiple key metrics.</p>\n\n<p>For the quarter ended September 2024, Lemonade posted revenue of $136.6 million, marking a 19.3% year-over-year increase and surpassing the Zacks Consensus Estimate of $127.02 million. This robust revenue growth can be attributed to the company's successful customer acquisition strategies and product diversification efforts.</p>\n\n<p>Furthermore, Lemonade's net loss for the quarter came in at $67.7 million, or $0.95 per share, beating analysts' expectations of a $1.02 loss per share. While still reporting a loss, the company demonstrated significant improvements in profitability measures, with an adjusted EBITDA loss of $49 million, better than the projected range of $56-$58 million.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Lemonade Stock Soars on Impressive Q3 Results, Stronger Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Lemonade Stock Soars on Impressive Q3 Results, Stronger Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-31 21:53 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Lemonade, Inc. (LMND) skyrocketed in pre-market trading on October 31st, 2024, surging as much as 22.85%. This significant jump came in response to the insurtech company's impressive third-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LMND","symbol_name":"Lemonade, Inc.","start_time":0,"source_url":"","article_id":"1119151368","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1119151368","pubTimestamp":1730382808,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Lemonade, Inc.  skyrocketed in pre-market trading on October 31st, 2024, surging as much as 22.85%. This significant jump came in response to the insurtech company's impressive third-quarter earnings report released the previous day, which exceeded analysts' expectations across multiple key metrics.For the quarter ended September 2024, Lemonade posted revenue of $136.6 million, marking a 19.3% year-over-year increase and surpassing the Zacks Consensus Estimate of $127.02 million. This ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LMND":"Lemonade, Inc."},"translate_title":"股票跟踪柠檬水股票因令人印象深刻的第三季度业绩和更强劲的前景而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LMND":1},"content_text":"Shares of Lemonade, Inc. (LMND) skyrocketed in pre-market trading on October 31st, 2024, surging as much as 22.85%. This significant jump came in response to the insurtech company's impressive third-quarter earnings report released the previous day, which exceeded analysts' expectations across multiple key metrics.\nFor the quarter ended September 2024, Lemonade posted revenue of $136.6 million, marking a 19.3% year-over-year increase and surpassing the Zacks Consensus Estimate of $127.02 million. This robust revenue growth can be attributed to the company's successful customer acquisition strategies and product diversification efforts.\nFurthermore, Lemonade's net loss for the quarter came in at $67.7 million, or $0.95 per share, beating analysts' expectations of a $1.02 loss per share. While still reporting a loss, the company demonstrated significant improvements in profitability measures, with an adjusted EBITDA loss of $49 million, better than the projected range of $56-$58 million.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1119151368"}