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Upstart shares surged 18% in premarket trading.

Tiger Newspress2021-08-11

Upstart shares surged 18% in premarket trading,following better-than-expected second-quarter results and raised full-year guidance.

The company reported quarterly earnings of $0.62 per share on sales of $194 million.

Analysts on Upstart were expecting sales of $158 million.

Upstart said it expects third-quarter sales between $205 million and $215 million. Analysts expected third-quarter sales around $161.6 million.

The company also raised its fiscal year guidance. Upstart had previously expected yearly sales around $600 million; the company now expects sales over $750 million. Analysts consensus estimate for the company's FY21 sales was $601 million.

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Comment7

  • DenisL
    ·2021-08-11
    To the moon! 
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  • ST04
    ·2021-08-11
    Really 
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  • HoeMeng
    ·2021-08-11
    Yeah
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    • HoeMeng
      Yeah
      2021-08-11
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  • waiwaiho
    ·2021-08-11
    Like pls, thanks 
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    • 0680huat
      Ok
      2021-08-11
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  • RaymondSCF
    ·2021-08-11
    Like and comment 
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  • A stock that I like which I didn't buy. You can find my article on quick thoughts of upstart after its 1q2021 results. Well life goes on
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    • Ryan555
      hmm
      2021-08-11
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  • pkycme
    ·2021-08-11
    ???????
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