Upwork Stock Soars After-Hours On Q2 Beat and Raised Guidance: What's Going On?
Portfolio Pulse from Ryan Gustafson
Upwork Inc. (NASDAQ:UPWK) reported Q2 earnings of 10 cents per share, beating the analyst consensus estimate of one cent, and sales of $168.60 million, beating the estimate of $162.71 million. The company also raised its full-year 2023 revenue guidance to between $665 million and $675 million. Upwork's shares rose 18.4% in after-hours trading.
August 04, 2023 | 12:26 pm
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Upwork's Q2 earnings and sales beat, along with raised full-year 2023 revenue guidance, led to a rise in its stock price.
Upwork's better-than-expected Q2 earnings and sales, along with its raised full-year 2023 revenue guidance, have positively impacted investor sentiment, leading to a rise in its stock price.
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