Upstart jumps 5.44% intraday after 50% surge in Q2 origination volume

UPST Upstart Holdings Inc

$24.10 -0.37%

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1. 1Upstart Holdings (UPST) rose 5.44% intraday after reporting Q2 loan origination volume of $4.23 billion.
2. 2Total revenue climbed 42% to $364.7 million, beating estimates, while diluted EPS of $0.16 fell short of expectations.
3. 3Contribution margin narrowed to 55%, but contribution profit hit a record $193.1 million, and full-year guidance was maintained.

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