===Upstart (UPST) reported earnings on Mon 9 May 22 (a/h)

 

Upstart beats by $0.08, beats on revs; guides Q2 revs below consensus; lowers FY22 revs outlook 

• Reports Q1 (Mar) earnings of $0.61 per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $0.53; revenues rose 155.6% year/year to $310.14 mln vs the $300.13 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q2, sees Q2 revs of $295-$305 mln vs. $334.83 mln S&P Capital IQ Consensus.
  • Sees adj. EBITDA of approx. $32-$34 mln.
  • Adj. net income of $28-$30 mln.
• Co issues downside guidance for FY22, sees FY22 revs of $1.25 bln (from approx. $1.40 bln) vs. $1.4 bln S&P Capital IQ Consensus.
  • Sees adj. EBITDA of approx. 15%.