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Benzinga

Business

Dylan Berman

Upstart Stock Is Falling Wednesday: What's Going On?

Upstart UPST US Federal Reserve

Upstart,Headquarters,In,San,Mateo,,Ca,,Usa,-,June,7,

Upstart Holdings, Inc. (NASDAQ:UPST) stock is trading lower Wednesday after the company released its second quarter financial results on Tuesday after the market closed.

What To Know: The company reported adjusted earnings per share of 36 cents, beating the consensus estimate of 26 cents. In addition, the company reported sales of $257.00 million, beating the consensus estimate of $225.28 million and representing a 102% year-over-year increase.

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