Reports Q3 revenue $135M, consensus $140.3M. “We’re making rapid progress in building the world’s first and best AI lending platform,” said Dave Girouard, co-founder and CEO of Upstart. “Of course we’d prefer to be growing quickly, but this is a time when it’s wise to be operating in a conservative mode. We were EBITDA positive for the second straight quarter, our contribution margins are still near record highs, and we continue to invest in our teams and core AI.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UPST:
- Upstart Stock (NASDAQ:UPST) Nosedives. Is Now the Time to Buy?
- Notable companies reporting after market close
- Upstart Holdings options imply 22.1% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, November 07, 2023
- Upstart Holdings call volume above normal and directionally bullish