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Upstart Reports Weak Q3 Results, Stock Tanks After-Hours

Upstart Holdings, Inc. (NASDAQ: UPST) shares are trading lower in Tuesday's after-hours session following the company's reporting worse-than-expected third-quarter financial results. Here's what's causing the action.

What To Know: Upstart reported quarterly losses of five cents per share, missing the analyst consensus estimate of losses of two cents, a 79.17% increase over losses of 24 cents per share from the same period last year.

The company reported quarterly sales of $134.56 million, missing the analyst consensus estimate of $140.26 million, a 14.42% decrease over sales ...

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