: Upstart stock plunges again after admitting it won’t hit disappointing forecast


Upstart Holdings Inc. disappointed investors with its guidance in May, and faces Wall Street’s wrath once again after admitting Thursday it came up well short of the mark.

Upstart UPST disclosed late Thursday that executives expect second-quarter losses and revenue to come in well short of targets they forecast in May, when the company’s disappointing forecast led to shares being cut by more than half in a single session. After disclosing preliminary results, shares dove more than 14% in after-hours trading Thursday.


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