Upstart Holdings shares are trading lower after the company reported Q1 financial results and issued Q2 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Upstart Holdings' shares declined following the announcement of Q1 financial results and Q2 revenue guidance that fell short of expectations.

May 07, 2024 | 8:40 pm
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Upstart Holdings' stock price fell due to disappointing Q1 financial results and lower than expected Q2 revenue guidance.
Stock prices often react negatively to earnings misses and downward revisions in future revenue guidance, as these are indicators of potential challenges in the company's performance and growth prospects. Given that Upstart Holdings' Q1 results and Q2 guidance were below market expectations, it's likely that investors' confidence may be shaken, leading to a short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100