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Lemonade stock is up 60% year to date, and with that comes high expectations.
In this video, I will talk about Lemonade's (LMND 1.64%) second-quarter earnings, which were much better than what the market expected. The company still expects generative artificial intelligence (AI) to improve business profitability, but for the time being, it is a money-losing business.
*Stock prices used were from the trading day of Aug. 2, 2023. The video was published on Aug. 3, 2023.
Neil Rozenbaum has positions in Lemonade. The Motley Fool has positions in and recommends Lemonade. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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