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Henry Khederian

Why Upstart Shares Are Falling During Monday's After-Hours Session

Upstart Nasdaq Upstart Holdings Upstart Holdings Inc

Upstart Holdings Inc (NASDAQ:UPST) shares were trading lower by 41.77% to $44.91 during Monday's after-hours session after the company announced first quarter results and gave second quarter and FY22 sales guidance below analyst estimates.

Upstart reported quarterly earnings of 61 cents per share, which beat the analyst consensus estimate of 51 cents. The company also reported quarterly sales of $310 million, which beat the analyst consensus estimate of $300.12 million by 3%.

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