Upstart stock soars after Q1 beat; sees Q2 adjusted EBITDA at break-even (NASDAQ:UPST)
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Upstart Holdings (NASDAQ:UPST) stock surged 31% in Tuesday after-hours trading after the AI-powered lending platform said it expects Q2 adjusted EBITDA to break even. That's better than the -$31.1M in posted for Q1 2023 and the Visible Alpha consensus of -$16.5M
The company expects Q2 revenue of ~$135M, higher than the $126.2M consensus. In addition, many of Upstart's (UPST)…
This story from seekingalpha.com was posted on 2023-05-10 by @greenix.