BlockBeats News, July 29th, US stock. AI insurance company Lemonade released its Q2 earnings report after hours yesterday. The report showed that the company's revenue was approximately $2.944 billion, a year-on-year increase of about 79%, slightly above analysts' expectations of $2.91 billion.

Despite the performance meeting or slightly exceeding expectations, and reaffirming its path to profitability, the market reacted negatively. Analysts pointed out that the market had high expectations, the stock was overvalued, and the CFO transition plan announced at the same time led to a sell-off. According to BIT (bit.com) market data, Lemonade's stock price has dropped by over 20% at today's opening.