04:41 AM EDT, 08/07/2024 (MT Newswires) -- Upstart Holdings ( UPST ) reported Q2 adjusted loss Tuesday of $0.17 per diluted share, swinging from adjusted earnings of $0.06 a year earlier.

Analysts surveyed by Capital IQ expected a normalized loss of $0.39.

Revenue for the quarter ended June 30 was $127.6 million, compared with $135.8 million a year earlier.

Analysts polled by Capital IQ expected $124.5 million.

For Q3, the company expects revenue of about $150 million. That compares with the consensus estimate of $142.4 million from analysts polled by Capital IQ.

Shares of Upstart Holdings ( UPST ) rose more than 17% in pre-bell activity on Wednesday.

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