Lemonade's Results Look Strong -- Why Is the Stock Plunging?
The stock market was having a flat day on Tuesday with the Dow Jones Industrial Average slightly higher and the S&P 500 and Nasdaq Composite slightly lower shortly after the market's open. But insurance technology company Lemonade (NYSE: LMND) was a big underperformer, with shares down by more than 12% at 10 a.m. EST.
Lemonade just released its fourth-quarter earnings report. While we expected the year-end customer count to be just over 1 million (the company preannounced this statistic), the rest of the numbers also look quite strong at first glance. Just to run down some of the highlights:
Image source: Getty Images.
Source Fool.com
