Upstart Holdings (UPST) Misses Q3 EPS by 3c, Guidance Misses

Upstart Holdings (NASDAQ: UPST) reported Q3 EPS of ($0.05), $0.03 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $135 million versus the consensus estimate of $139.76 million.

GUIDANCE:

Upstart Holdings sees Q4 2023 revenue of $135 million, versus the consensus of $157 million.

• Revenue of approximately $135 million
• Revenue From Fees of approximately $150 million
• Net Interest Income (Loss) of approximately ($15) million
• Contribution Margin of approximately 62%
• Net Income (Loss) of approximately ($48) million
• Adjusted Net Income (Loss) of approximately ($14) million
• Adjusted EBITDA of approximately $0
• Basic Weighted-Average Share Count of approximately 85.6 million shares
• Diluted Weighted-Average Share Count of approximately 85.6 million shares

For earnings history and earnings-related data on Upstart Holdings (UPST) click here.

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