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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Upwork Inc. (UPWK) on Wednesday reported first-quarter net income of $17.2 million.
On a per-share basis, the San Francisco-based company said it had profit of 15 cents. Losses, adjusted for one-time gains and costs, were 1 cent per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The online freelance marketplace operator posted revenue of $160.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $159 million.
For the current quarter ending in June, Upwork said it expects revenue in the range of $161 million to $164 million.
The company expects full-year earnings in the range of 24 cents to 28 cents per share, with revenue ranging from $655 million to $670 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a UPWK">Zacks stock report on UPWK at https://www.zacks.com/ap/UPWK