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

MarketWatch +1 ·

UPST
UPST Upstart Holdings Inc
$30.32 +3.02%
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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.

This 3-line summary is compiled from the report below.

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