Lemonade’s stock slides 14% after digital insurer’s soft guidance offsets narrower-than-expected loss

Date:

July 30, 2024

Lemonade Inc.’s stock tumbled 14% in after-hours trade Tuesday, after the digital insurer, which uses AI to power its business, offered soft guidance, offsetting a narrower-than-expected second-quarter loss and revenue that matched estimates.

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Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Lemonade’s stock slides 14% after digital insurer’s soft guidance offsets narrower-than-expected loss

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