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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 42.03-3.8%Dec 31 4:00 PM EST
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From: Winfastorlose8/8/2023 6:16:29 PM
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An AI casualty this afternoon.

Upstart Q2 Adjusted Earnings Rise, Revenue Falls; Q3 Revenue Outlook Set -- Shares Plunge After Hours
Aug 8, 202314:25 PDT

UPST reported Q2 adjusted earnings late Tuesday of $0.06 per diluted share, up from $0.01 per share a year earlier.

Analysts polled by Capital IQ expected a normalized loss of $0.07 per share.

Revenue for the quarter ended June 30 fell to $135.8 million from $228.2 million a year earlier. Analysts' estimate was $135.3 million.

For Q3, the company said it expects revenue of about $140 million. The consensus is for $155.4 million.

The company's shares were down nearly 20% in after-hours activity.
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