Upstart Hldgs Q2 2024 Adj EPS $(0.17) Beats $(0.39) Estimate, Sales $128.00M Beat $124.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upstart Holdings (NASDAQ: UPST) reported Q2 2024 adjusted EPS of $(0.17), beating the analyst estimate of $(0.39). Sales were $128.00M, also surpassing the $124.54M estimate. However, sales decreased by 5.72% compared to the same period last year.
August 06, 2024 | 8:08 pm
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Upstart Holdings reported better-than-expected Q2 2024 earnings and sales, but sales decreased by 5.72% YoY.
Upstart Holdings exceeded both EPS and sales estimates, which is positive news for investors. However, the YoY sales decline may temper enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100