Upwork Q2 EPS $0.10 Beats $0.01 Estimate, Sales $168.60M Beat $162.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upwork reported Q2 earnings of $0.10 per share, beating the analyst consensus estimate of $0.01 by 900%. This is a 350% increase over losses from the same period last year. The company also reported quarterly sales of $168.60 million, beating the analyst consensus estimate of $162.71 million by 3.62%. This is a 7.46% increase over sales from the same period last year.
August 04, 2023 | 12:07 pm
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POSITIVE IMPACT
Upwork's Q2 earnings and sales beat estimates, showing significant growth YoY. This could positively impact the company's stock in the short term.
Upwork's Q2 earnings and sales significantly beat estimates, which is typically a positive signal for investors. This could lead to increased demand for the stock, potentially driving the price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100