Investing.com – Lemonade reported on Tuesday third quarter that missed analysts’ forecasts and revenue that topped expectations.
Lemonade announced earnings per share of $-1.37 on revenue of $74M. Analysts polled by Investing.com anticipated EPS of $-1.34 on revenue of $64.74M.
Lemonade shares are down 35% from the beginning of the year, still down 71.58% from its 52 week high of $67.38 set on November 11, 2021.
Lemonade follows other major Financial sector earnings this month
Lemonade’s report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on October 14 with third quarter EPS of $3.12 on revenue of $32.72B, compared to forecast for EPS of $2.92 on revenue of $32.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Story Credit: investing.com