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Upstart stock sinks as tough lending landscape drives downbeat earnings outlook

Por: MarketWatch Politics August 09, 2023

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For the third quarter, Upstart expects $140 million in revenue, while analysts had been anticipating $155 million. The company also models $5 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda), while analysts were looking for $9.6 million in adjusted Ebitda. Upstart shares tumbled more than 19% in Tuesday’s after-hours action. See also: Chief Financial Officer Sanjay Datta, meanwhile, explained that the... + full article



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