Upstart (UPST) Stock Plunges 22% Despite Q3 Beat

Upstart Holdings (NASDAQ: UPST) shares were trading around 22% lower after-hours, despite the company’s reported Q3 beat, with EPS coming in at $0.60, better than the consensus estimate of $0.35. Quarterly revenue grew 250% to $228.5 million, beating the consensus estimate of $214.9 million.

The company provided its Q4 outlook, expecting revenue to range from $255 to 265 million, compared to the consensus estimate of $226.6 million.

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