News Formal

Upstart revenue falls by half, earnings outlook underwhelms

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Upstart topped expectations for its latest quarter but forecast revenue for the current quarter that came in sharply below what analysts were anticipating.

Upstart Holdings Inc. topped expectations for its latest quarter Tuesday but forecast revenue for the current quarter that came in sharply below what analysts were anticipating.

On... Upstart Holdings Inc. topped expectations for its latest quarter Tuesday but forecast revenue for the current quarter that came in sharply below what analysts were anticipating. On an adjusted basis, Upstart UPST lost 25 cents a share, whereas it earned 89 cents a share in the year-earlier fourth quarter. Analysts tracked by FactSet were anticipating a 47-cent loss per share after adjustments.

See also: Upstart is ‘perhaps an idea ahead of its time’ but its stock is too volatile now, analyst warns

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Axsome’s stock falls after disclosing Teva’s plans to market generic AuvelityShares of Axsome Therapeutics Inc. tumbled about 10.0% in premarket trading on Monday after the company said in a securities filing that Teva Pharmaceutical...
Source: MarketWatch - 🏆 3. / 97 Read more »