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Why Upstart Shares Are Falling
Upstart Holdings Inc (NASDAQ: UPST) shares are trading lower after the company reported third-quarter earnings results. Upstart Holdings reported quarterly earnings of 60 cents per share which beat the analyst consensus estimate of 35 cents by 71%. The company reported quarterly sales of $228.00 million which beat the analyst consensus estimate of $214.90 million by 6%. “Since Upstart’s IPO a year ago, we’ve more than tripled our revenue, tripled our profits, tripled the number of banks and cred