Check out the companies making headlines in midday trading. Upstart Holdings — Stock in the artificial intelligence lending platform tumbled more than 26% after missing third-quarter sales and earnings estimates. The company reported an adjusted loss of 5 cents per share on $134.5 million in revenue, against estimates from analysts polled by FactSet of a a loss of 2 cents and $139.6 million.
5 million in revenue, while analysts polled by LSEG forecast a loss of 51 cents and revenue of $830 million. Toast — Shares of the restaurant-focused technology company slid 17% after Toast reported an unexpected loss for the third quarter. Boston-based Toast lost 9 cents per share, while analysts were expecting earnings of 10 cents per share, according to LSEG. Gross payment volume was fractionally below estimates, StreetAccount said.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: DEADLINE - 🏆 109. / 63 Read more »