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Upstart Q3 revenue of $371 million beats estimates

The Motley Fool +1 · ·by G4L

UPST
UPST Upstart Holdings Inc
$20.41 -8.27%
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  1. 1Upstart recorded $371 million in revenue for the quarter, exceeding the $363.7 million estimate.
  2. 2Upstart reported earnings per share of $0.33 for the quarter, beating market expectations.
  3. 3The secured loan business recorded a 17% contribution margin in Q3, turning a profit for the first time.

So what's the key point?

Upstart's revenue and earnings per share were higher than what experts expected. The secured loan business also improved performance by turning a profit for the first time.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

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