Upstart Stock Slides After Mixed Q3 Results: Details
1. UPST missed revenue estimates, causing stock to drop 6.57%. 2. Quarterly earnings were 52 cents, exceeding the 42 cents estimate. 3. Transaction volume surged 128% year-over-year, with $2.9 billion in originations. 4. Fiscal 2025 revenue outlook revised down to $1.03 billion from $1.05 billion. 5. Q4 revenue forecast of $288 million is below analyst expectations.