shares of upstart holdings inc were sinking in afterhours trading tuesday after the lending company fell short of wall street’s expectations with its revenue and earnings forecasts for the current quarter the company which uses artificial intelligence to inform lending decisions reported a secondquarter net loss of 282 million or 34 cents a share compared with a loss of 299 million or 36 cents a share in the yearearlier period on an adjusted basis upstart upst earned 6 cents a share whereas analysts tracked by factset were modeling a 7cent loss per share revenue fell to 136 million from 2282 million the factset consensus was for 1352 million the company generated 144 million in fee revenue compared with the 131 million that analysts were expecting upstart’s lending partners originated 109447 loans across its platform in the second quarter totaling 12 billion conversion on rate requests was 9 down from 13 in the same period a year prior shares of upstart were down more than 18 in tuesday’s extended session for the third quarter upstart expects 140 million in revenue while analysts had been anticipating 1553 million the company also models 5 million in adjusted earnings before interest taxes depreciation and amortization ebitda while analysts were looking for 96 million in adjusted ebitda “while the economic environment continues to be challenging upstart has the opportunity to grow quickly and profitably when we return to a normalized economy” chief executive dave girouard said in a release shares of upstart have rocketed 291 so far in 2023 through tuesday’s close as the sp 500 spx has risen 17