Upstart shares rise after second-quarter earnings beat estimates

Earnings

โดย The Motley Fool·

Summary · why it matters

Upstart shares climbed after the AI-driven loan origination platform reported better-than-expected second-quarter results. Revenue rose 42% to $364.7 million, topping the $351.5 million consensus, while fee revenue increased 45% to $348 million. Originations grew 50% to $4.2 billion, and GAAP earnings per share improved to $0.16 from $0.05 a year earlier. The company maintained full-year guidance of $1.4 billion in revenue and $294 million in adjusted EBITDA, which may have limited the stock's gains.

Upstart Holdings Inc ▲