Upstart Hldgs Q1 2024 Adj EPS $(0.31) Beats $(0.39) Estimate, Sales $128.000M Beat $124.867M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upstart Holdings (UPST) reported Q1 2024 adjusted EPS of $(0.31), surpassing the $(0.39) estimate, with sales of $128M beating the $124.867M estimate, marking a 24.36% increase from the previous year.
May 07, 2024 | 8:11 pm
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Upstart Holdings reported a better-than-expected Q1 2024 performance with adjusted EPS of $(0.31) and sales of $128M, exceeding estimates and showing significant year-over-year growth.
The positive earnings report, with both EPS and sales beating estimates and showing a strong year-over-year growth, is likely to instill investor confidence and could lead to a short-term uptick in UPST's stock price. The significant beat on both top and bottom lines, coupled with the year-over-year growth, highlights the company's operational efficiency and market demand for its services.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100