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Upstart revenue falls by half, earnings outlook underwhelms

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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

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