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Upwork: Q3 Earnings Snapshot
By AP News - Nov 06, 2024, 04:33 PM ET
Last Updated - Nov 06, 2024, 04:33 PM EST
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Upwork Inc. (UPWK) on Wednesday reported earnings of $27.8 million in its third quarter.
On a per-share basis, the San Francisco-based company said it had net income of 20 cents. Earnings, adjusted for one-time gains and costs, were 29 cents per share.
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The online freelance marketplace operator posted revenue of $193.8 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $182.2 million.
For the current quarter ending in December, Upwork expects its per-share earnings to range from 24 cents to 26 cents.
The company said it expects revenue in the range of $178 million to $183 million for the fiscal fourth quarter.
Upwork expects full-year earnings in the range of $1 to $1.02 per share, with revenue ranging from $756 million to $761 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPWK at https://www.zacks.com/ap/UPWK
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