We recently published 10 Big Names Leading Wall Street Gains. Lemonade Inc. is one of the best-performing stocks on Wednesday.
Lemonade rallied to a new all-time high on Wednesday after posting a strong earnings performance and raising its growth outlook for the full-year 2025.
At intra-day trading, Lemonade Inc. soared to its highest 52-week price of $79.71 before paring gains to end the day just up by 34.21 percent at $78.73 apiece.
Optimism was fueled by its third quarter earnings performance, having trimmed its net loss by 44.6 percent to $37.5 million from $67.7 million in the same period last year.
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Revenues grew by 42 percent to $194.5 million from $136.6 million year-on-year, on the back of strong in-force premiums.
Following the results, Lemonade Inc. raised its full-year revenue guidance to a range of $727 million to $732 million from its previous outlook of $710 million to $715 million.
Adjusted EBITDA loss was also lowered to $127 million to $130 million from $135 million to $140 million prior.
For the fourth quarter alone, Lemonade Inc. expects revenues to hit $217 million to $222 million, while adjusted EBITDA loss is targeted at $13 million to $16 million.
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This article is originally published at Insider Monkey.
