🟢 Upstart is trading 8% up after Q3 revenue rose 34%

Upstart is trading 8% up at $23.00 as investors react to its November 3 third-quarter results.

• Revenue rose 34% year over year to $371 million, originations climbed 44% to $4.12 billion, and fee revenue reached a record.
• Management cut its full-year total-revenue forecast to $1.35 billion from $1.40 billion, while raising fee-revenue expectations to $1.32 billion.
• The broader market is sharply higher, but results are the clearest company-specific catalyst.