Upstart Stock Sinks After Q1 Earnings: Here's Why
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Upstart Holdings Inc. (NASDAQ:UPST) reported Q1 earnings, missing analyst estimates with adjusted earnings of 30 cents per share versus the expected 42 cents. Revenue was $308.21 million, exceeding estimates. Key highlights include a 77% increase in loan originations and a 44% rise in total revenue year-over-year. However, the company reported a loss from operations of $7.5 million. Following the earnings report, UPST stock fell 14.16% to $26.76 in after-hours trading.
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