Upstart Hldgs Q3 2023 Adj EPS $(0.05) Misses $(0.02) Estimate, Sales $134.56M Miss $140.26M Estimate
Portfolio Pulse from saritha@benzinga.com
Upstart Hldgs (NASDAQ:UPST) reported Q3 2023 adjusted EPS of $(0.05), missing the estimate of $(0.02) by 150%. The company also reported quarterly sales of $134.56M, missing the estimate of $140.26M by 4.07%. This represents a 79.17% increase in losses and a 14.42% decrease in sales compared to the same period last year.
November 07, 2023 | 9:17 pm
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NEGATIVE IMPACT
Upstart Hldgs reported Q3 2023 earnings and sales that missed estimates. This could negatively impact the company's stock in the short term.
Upstart Hldgs reported lower than expected earnings and sales for Q3 2023. This underperformance could lead to a decrease in the company's stock price as it indicates potential financial instability or lower growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100