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Upstart Stock Rallies On Better-Than-Expected Q2 Results, Strong Q3 Guidance
Upstart Holdings, Inc. (NASDAQ:UPST) shares are up after the company reported its second-quarter financial results Tuesday. Here's a look at the details from the report.
The Details: Upstart reported quarterly losses of 17 cents per share, which beat the analyst consensus estimate of losses of 39 cents by 56.41%. Quarterly revenue came in at $128 million, which beat the analyst consensus estimate of $124.54 million by 2.78%.
There were 143,900 loans originated, totaling $1.1 billion across the platform in the second quarter of 2024, down 6% ...