Movement Alert|Upstart Holdings, Inc. Rises 8.01% in After-Hours Trading, Q2 Revenue Beats Estimates with Strong Loan Origination Growth

Market Focus
08/05

On August 5, Upstart Holdings, Inc. rose 8.01% in after-hours trading, trading at $32.89/share, with turnover of $4.0473 million. The stock surged following the release of Q2 results that exceeded Wall Street expectations on both revenue and business volume metrics.

Upstart Holdings, Inc. reported Q2 revenue of $364.71 million, surpassing the consensus estimate of $351.52 million, representing approximately 56% year-over-year growth. Earnings per share came in at $0.16. Notably, total loan originations for the quarter reached $4.23 billion with average daily originations of $53.9 million, underscoring continued platform scale expansion. The strong results build on a series of positive developments including a $4 billion forward-flow deal with Castlelake signed in late July, conditional regulatory approval to establish Upstart Bank, and multiple new lending partnerships with credit unions.

Upstart Holdings, Inc. operates a cloud-based artificial intelligence lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10